rakesh and prabir borrowed Rs.800 each at the same rate of interest for 3 years and 6 years.If Rakesh pays back Rs.1052 to clear his debt find the amount which prabir has to pay?
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Given, R1 = 6%, R2 = 10%
According to the question,
800+
800×6×T
100
=600+
600×10×T
100
800 + 48T = 600 + 60T
=> 12T = 200
=> 3T = 50
T = 503
=1623yr
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