Jyoti and Vandana took a loan of equal amount at the same rate of simple interest.
Jyoti cleared her loan after two years by paying Rs. 8680. Vandana cleared her loan
after five years by paying an amount of Rs. 11200. Find the loan amount of each.
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Answer:
the loan amount of each was Rs.7000
Step-by-step explanation:
Let the loan amount be x
let the rate of interest be r
x+(x×r×2)/100=8680
x+(x×r×5)/100=11200
3rx/100=2520
rx/100=840
x+2×840=8680
x=8680-1680
x=7000
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