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Suresh borrowed ₹ 800 at 6% and Naresh borrowed ₹ 600 at 10% After how much time will they both have equal debts ?
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- 151/3 yr
- 141/2 yr
- 181/3 yr
- 162/3 yr
Correct Option: D
Given, R1 = 6% R2 = 10%
According to the question,
800 + [(800 x 6 x T)/100] = 600 + [(600 x 10 x T)/100]
800 + 48T = 600 + 60T
⇒ 12T = 200
⇒ 3T = 50
∴ T = 50/3 = 162/3 yr
