Postal or Sorting Assistants Model Paper 9 With Solutions

Question : 2 of 100

Marks: +1, -0

Ram borrows ₹8000 at 12% p.a. simple interest and Mohan borrows ₹ 9100 at 10% p.a. simple interest. In how many years will their borrowed amounts (debt) be equal?

Validate

Solution:

Simple inter est for Ram

={8000×12×1}/100=960

Simple interest for Mohan =

{9100×10×1}/10=910

Let ‘x’ be the years when borrowed amount be equal.
8000 + 960 x=9100 + 910x
50x=9100-8000
50x=1100
x = 22 years

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