AFCAT
Exam
Numerical Ability
Profit and Loss
ram borrows rs.8000 at 12% p.a. simple interest and mohan borows rs.9100 at 10% p.a. simple interest. in how many years will their borrowed amounts(dept) be equal?
Read Solution (Total 2)
-
- 8000+(8000*12*x)/100 = 9100+(9100*10*x)/100
x is time in years at which two amounts will be equal
solving we get x = 22 - 8 years agoHelpfull: Yes(3) No(3)
- I want to explain Santhi Priya's answer::
Simple Interest = P*R*T/100 = 8000*12*T/100 = 960T
and total amount of A is = 8000 + S.I. = 8000 + 960T
and this procedure can be followed same for B. - 7 years agoHelpfull: Yes(2) No(1)
AFCAT Other Question