Arun borrowed a sum of money from Jayant at the rate of 8% per annum…

Question

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If he pays a total of R…

Accepted Answer

Option A. Rs. 8000. Answer & Solution Answer: Option A Solution: & Let the sum be Rs . x & Then, x × 8 × 4100 + x × 10 × 6100 \,+ x × 12 × 5100 = 12160 & 32x + 60x + 60x = 1216000 & 152x = 1216000 & x = 8000

Arun borrowed a sum of money from Jayant at the rate of 8% per annum simple interest for the first four years, 10% per annum for the next 6 years and 12% per annum for the period beyond 10 years. If he pays a total of Rs. 12160 as interest only at the end of 15 years, how much money did he borrow?

Solution