Rahim borrowed Tk. 800 at 6% per annum and karim borrowed tk. 600 at 10% per annum .After how much time, will they both have equal debts?
Rahim borrowed Tk. 800 at 6% per annum and karim borrowed tk. 600 at 10% per annum .After how much time, will they both have equal debts? Correct Answer 50/3 yr
Let, After x years their debts will be equal. ATQ, {800 × (6 × x)/ 100} + 800 = {600 × (10 × x)/ 100} + 600 ⇒ 48x + 800 = 60x + 600 ⇒ 60x – 48x = 800 – 600 ⇒12x = 200 ⇒ x = 50/3 ans: 50/3 yr