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A borrows Rs. 800 at the rate of 12% per...

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 of debt be equal ?

A

18

B

20

C

22

D

24

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem, we need to find out in how many years the debts of A and B will be equal. We will use the formula for calculating the amount of debt using simple interest. ### Step-by-Step Solution: 1. **Identify the Principal and Interest Rates:** - A borrows Rs. 800 at a rate of 12% per annum. - B borrows Rs. 910 at a rate of 10% per annum. 2. **Write the Formula for Simple Interest:** The formula for the amount (A) after time (T) years with simple interest is: \[ A = P + \left( \frac{P \times r \times T}{100} \right) \] where: - \( P \) is the principal amount, - \( r \) is the rate of interest, - \( T \) is the time in years. 3. **Calculate the Amount for A after T years:** For A: \[ A_A = 800 + \left( \frac{800 \times 12 \times T}{100} \right) \] Simplifying this: \[ A_A = 800 + \left( \frac{9600T}{100} \right) = 800 + 96T \] So, \[ A_A = 800 + 96T \] 4. **Calculate the Amount for B after T years:** For B: \[ A_B = 910 + \left( \frac{910 \times 10 \times T}{100} \right) \] Simplifying this: \[ A_B = 910 + \left( \frac{9100T}{100} \right) = 910 + 91T \] So, \[ A_B = 910 + 91T \] 5. **Set the Amounts Equal to Each Other:** To find when their debts will be equal, we set \( A_A \) equal to \( A_B \): \[ 800 + 96T = 910 + 91T \] 6. **Solve for T:** Rearranging the equation: \[ 96T - 91T = 910 - 800 \] This simplifies to: \[ 5T = 110 \] Dividing both sides by 5: \[ T = \frac{110}{5} = 22 \] 7. **Conclusion:** The amount of debt will be equal after **22 years**. ### Final Answer: The answer is **22 years**.
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