A borrowed a sum of money from B at the rate of 8% per annum on simple interest for the first four years, 10% per annum for the next six years and 12% per annum for the period beyond ten years. If he…

Question

A borrowed a sum of money from B at the rate of 8% per annum on simple interest for the first four years, 10% per annum for the next six years and 12% per annum for the period beyond ten years. If he pays a total of Rs. 12160 as interest only at the end of 15 years, then how much money did A borrowed?

PYQPulse · Accepted Answer

Rs. 8000

PYQPulse · Answer

Explanation: Let the amount borrowed by A is Rs. 𝑥 ATQ, 8 10 12 𝑥 × 4 × 100 + 𝑥 × 6 × 100 + 𝑥 × 5 × 100 = 12160 𝑥 = 8000

Answer: A. Rs. 8000

Explanation

Answer: A. Rs. 8000

Explanation