Question

at the rate of 12% on annual simple interest of Rs 800. B takes a loan of Rs. 10 and B at the rate of 10% per annum simple interest of Rs. 910. If he takes loan, then in how many years his loan amount will be equal to ​

Answer 1

Answer:

Let after t year amount will be equal.

According to the question,

800+800×12×t100

=910+910×10×t100

800+96t=910+91t

5t=110

t=22years

Hence, after 22 years the amount will be equal.

Step-by-step explanation:

Answer 2

800+ 96t=910+ 91t 5t = 110