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What is the correct answer?

4

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?

A. 15,000

B. 12,450

C. 12,000

D. 11,780

Correct Answer :

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.

Related Questions

What is the correct answer?

4

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?

A. 15,000

B. 12,450

C. 12,000

D. 11,780

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4

Find the simple interest on Rs. 68,000 at 1623% per annum for 9 months.

A. 7800

B. 7680

C. 8700

D. 8500

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4

A sum at simple interests at 13 ½ % per annum amounts to Rs.2502.50 after 4 years find the sum.

A. 1725

B. 1625

C. 1825

D. 1234

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4

A sum of Rs. 800 amounts to Rs. 920 in 8 years at simple interest. Interest rate is increased by 8%, it would amount to how much?

A. 1020

B. 920

C. 992

D. 1089

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4

Find the simple interest on Rs. 3000 at 614% per annum for the period from


4th Feb., 2005 to 18th April, 2005.

A. 37.50

B. 37

C. 38

D. 23.40