Join Our Socials

**A man borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years, and at the rate of 14% p.a. for the period beyond five years. 1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?**

15,000

12,450

12,000

11,780

C. 12,000

(x*2*6)/100 + (x*9*3)/100 + (x*14*4)/100 = 11400

(3x/25 + 27x/100 + 14x / 25) = 11400

95x/100 = 11400 ,

x = (11400*100)/95 = 12000.

Hence , sum borrowed = Rs.12,000.