1. 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
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By: anil on 05 May 2019 02.24 am
Rahim borrows Rs. 2,000 at 5% per annum simple interest. Time period = 3 years Let amount that Ram borrowed = Rs. $$x$$ at 8% Simple interest = $$frac{P imes R imes T}{100}$$ According to ques, => $$frac{x imes8 imes3}{100}=frac{2000 imes5 imes3}{100}$$ => $$8x=10,000$$ => $$x=frac{10000}{8}=Rs.$$ $$1250$$ => Ans - (A)
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