Question
A borrows Rs.800 at the rate of 12 % per annum. Simple interest and B borrows Rs.910 at the rate of 10 % per annum simple interest. In how many years will their amounts at debts be equal?
Answer: Option C
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Let the required time be x years.
Then
800 + 800 x 12/100 × x = 910 + 910 x 10/100 × x
=> (96x -91 x) = 110
=> 5x =110
=> x =22
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