Question

Person A borrows ₹8000 at 12% per annum simple interest and person B borrows ₹9100 at 10% per annum simple interest. In how many years will their amount be equal

Answer 1

the principal =8000
rate=12%
2nd principal =9100
rate =10 %
formula simple interest =p×r×t÷100
1st =8000×12×1÷100
960 1st year
2nd year =9100×10×1÷100
910 2nd year .
I hope this will work for you.
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