sanjay borrowed twice the borrowed by alkesh at same rate of interest of 12%p.a. for 4years . if alkesh paid RS72000 less than the interest paid by sanjay, find the money borrowed by them

Let the amount borrowed by Alkesh be Rs x.Therefore, amount borrowed by Sanjay= Rs 2xSI  paid by Alkesh after 4 years=x×12×4100SI  paid by Sanjay after 4 years=2x×12×4100According to the question, 2x×12×4100-72000=x×12×4100x×12×4100=72000x=72000×10012×4x=150000Therefore, amount borrowed by Alkesh is Rs 1,50,000 while that of Sanjay is Rs 3,00,000.

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