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: (1) 18 years (2) 20 years (3) 22 years (4) 24 years

A borrows Rs 800 at the rate of 12% per annum simple interest and B bo

1.	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: (1) 18 years (2) 20 years (3) 22 years (4) 24 years
Answer» Their debts will be equal in 22 years. Simple interestis the interest amount for a particular principal amount of money at some rate of interest.