Home
Class 14
MATHS
Ram borrows a certain sum of money at 8%...

Ram borrows a certain sum of money at 8% per annum simple interest and Rahim borrows Rs 2,000 at 5% per annum simple interest. If the interest at the end of 3 years is equal, then the amount borrowed by Ram is

A

Rs 1,250

B

Rs 1,500

C

Rs 2,000

D

Rs 1,000

Text Solution

AI Generated Solution

Promotional Banner

Similar Questions

Explore conceptually related problems

A borrows ₹ 8000 at 12% per annum simple interest and B borrows ₹ 9100 at 10% per annum simple interest. In how many years will their amounts be equal?

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 ?

In how many years, a sum of Rs. 500 at 5% per annum at simple interest amount to Rs. 600?

Raju borrowed Rs 15,000 from Mahesh at the rate of 15% per annum under simple interest for 3 years. Raju lent some part of money at 20% per annum at simple interest for 3 years and the remaining part at 12% per annum at simple interest for 3 years. If the interest received payable, then find the sum he lent at 20% simple interest?