A person borrowed rs 500 at 3 % per annum s.i and rs 600 @ 4 1/2% per annum on the agreement that the whole sum will be returned only when the total interest becomes rs 126 . the number of years after which the borrowed sum is to be returned
Answers
Answered by
7
Answer:
3 years
Explanation:
Let the time period be x.
So according to question
(500*3%*x)+(600*4.5%*x)=126
15 x +27 x=126
42 x=126
x=126/4=3
Thus 3 years
Similar questions