Mathematics · Simple Interest

Ram borrowed ₹20,000 at 6% per annum and ₹25,000 at 8% per annum for the same duration. If he had to pay ₹9,600 in total as interest, what is the time period?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

12 years
24 years
33 years✓
45 years

Correct answer

3 years

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Ram borrowed ₹20,000 at 6% per annum and ₹25,000 at 8% per annum for the same duration. If he had to pay ₹9,600 in total as interest, what is the time period?

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Ram borrowed ₹20,000 at 6% per annum and ₹25,000 at 8% per annum for the same duration. If he had to pay ₹9,600 in total as interest, what is the time period?

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