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Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs.8,160, the money borrowed by him ( in Rs.) was

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Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs.8,160, the money borrowed by him ( in Rs.) was
1). 12,000
2). 6,000
3). 8,000
4). 10,000

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2 answers

1 vote
Answered by on | Votes 1 |
I have read it somewhere 6,000 is correct

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3 vote
Answered by on | Votes 3 |

Here is the right answer

If the sum of money be
x, then

18x + 45x + 39x = 816000
 102x = 816000
 x = 8000




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