A borrows ₹8000 at 12% per annum simple interest and B borrows ₹9100 at 10% per annum simple interest. In how many years will their ammounts be equal.
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Step-by-step explanation:
22 years
In the question, A borrows Rs 8000 at 12% per annum simple interest and B borrows Rs 9100 at 10% per annum simple interest. We are required to find the number of years after which their amounts become equal. Let us assume that after t years, their amounts become equal. Hence, the answer is 22 years.
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formula of simple interest -P×R×T÷100
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