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Aptitude · Q117

Interest

Competitive Exams · Aptitude · question 117

Q117

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. 8160, the money borrowed by him (in Rupees) was?

A.
Rs. 12000
B.
Rs. 6000
C.
Rs. 8000
Answer
D.
Rs. 10000

Answer: Option C

Solution

Answer: Option C
Solution:
Let the money borrowed by Nitin = Rs. P
According to the question,


Alternate
Note : In such type of questions to save your valuable time follow the given below method.
Let principal = Rs. 100
Total Interest
    


Alternate
Total rate of interest in 11 years