A borrows RS8000 at 12% per annum simple intrest and B borrows RS 9100 at 10% per annum simple intrest.In how many years will their amount be equal
Let the amount of A and B be equal after t years.
Now simple interest for A after t years =
Then, the total amount of A = 8000 + 960t......(i)
Similarly the simple interest for B after t years =
Then, the total amount of B = 9100 + 910t.....(ii)
Now, equating (i) and (ii) we have;
So the amount of A and B will be equal after 22 years.
Now simple interest for A after t years =
Then, the total amount of A = 8000 + 960t......(i)
Similarly the simple interest for B after t years =
Then, the total amount of B = 9100 + 910t.....(ii)
Now, equating (i) and (ii) we have;
So the amount of A and B will be equal after 22 years.