Suresh borrowed ₹ 800 at 6% and Naresh borrowed ₹ 600 at 10% After how much time will they both have equal debts?

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Accepted Answer

Given, R1 = 6% R2 = 10% According to the question, 800 + [(800 x 6 x T)/100] = 600 + [(600 x 10 x T)/100] 800 + 48T = 600 + 60T ⇒ 12T = 200 ⇒ 3T = 50 ∴ T = 50/3 = 162/3 yr…

Suresh borrowed ₹ 800 at 6% and Naresh borrowed ₹ 600 at 10% After how much time will they both have equal debts?

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