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A person borrowed at per annum and at per annum at simple interest for the same period. He had to pay in all as interest. Find the time (in years).

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Let the time period for which the money was borrowed be years.
The formula for Simple Interest () is:



Where:

*
*
*

According to the given condition, the total interest paid is the sum of the interests from both investments:



Substitute the given values into the formula:



Simplify each part:





Combine the like terms:



Solve for :





Therefore, the time period is years.

Practice this question

Try it yourself before checking the explanation above.

A person borrowed at per annum and at per annum at simple interest for the same period. He had to pay in all as interest. Find the time (in years).
A
B
C
D

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