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Q.

A borrows Rs. 8000 at 12 % per annum simple interest and B borrows Rs. 9100 at 10 % per annum simple interest. The years after which their amounts will be equal are ____ years.


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Detailed Solution

A borrows Rs. 8000 at 12 % per annum simple interest and B borrows Rs. 9100 at 10 % per annum simple interest. The years after which their amounts will be equal are 22 years.
Given A borrows Rs. 8000 at 12 % per annum simple interest and B borrows Rs. 9100 at 10 % per annum simple interest.
We know that,
S.I= P×R×T 100  .
Let the number of years = x.
The S.I of A is S. I 1  , and the principle of A is P 1  .
The amount is,
A 1 =S. I 1 + P 1 = P 1 × r 1 ×T 100 + P 1 = 8000×12×T 100 +8000 =960T+8000   Also, amount = sum + S.I.
The S.I of B is S. I 2  , and the principle of B is P 2  .
  A 2 =S. I 2 + P 2 = P 2 × r 2 ×T 100 + P 2 = 9100×10×T 100 +9100 =910T+9100   Now, equating both the amounts,
960T+8000=910T+9100 960T910T=91008000 50T=1100 T=22 years  
Therefore, time is 22 years.
 
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