Question

Ram borrows a certain sum of money at 8% per annum simple interest and rahim borrows rs. 2,000 at 5% per annum simple interest. If the interest at the end of 3 years is equal, then the amount borrowed by ram is

Answer 1

Ram Rahim

R=8% 5%

T=3y 3y

P=x 2000

x×3×8÷100=2000×3×5÷100

x=1250rs

Ram borrowed 1250 Rs