Question

suresh borrowed rs 800 at 6% and Naresh borrowed rs 600 at 10%. After how much time, will they both have equal debts? (at simple interest)

Answer 1

Answer:

Step-by-step explanation:

Given Suresh borrowed rs 800 at 6% and Naresh borrowed rs 600 at 10%. After how much time, will they both have equal debts? (at simple interest)

Using simple interest formula S.I = P x R x T / 100 we have P + P R T/100 when both have equal debts.

  800 + 800 x 6 x T / 100 = 600 + 600 x 10 x T /100

  800 + 4800 x T /100 = 600 + 6000 x T /100

    800 + 48 T = 600 + 60 T

     - 12 T = - 200

         T = 200 / 12

      T = 50 / 3

    T = 16 2/3 years

So time will be 16 2/3 years.

 

 

Answer 2

Answer:

16 2/3 years

Step-by-step explanation:

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