Menu
Home / Arithmetic Aptitude / Simple Interest :: Discussion

Discussion :: Simple Interest

  1. 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, how much money did he borrow?
    2. A.
    Rs. 8000
    B.
    Rs. 10000
    C.
    Rs. 12000
    D.
    Data inadequate

    View Answer

    Workspace

    View Answer

    Answer : Option A

    Explanation :

    Let the sum be Rs. x. Then,

    [(x * 6 * 3)/100] + [(x * 9 * 5)/100] + [(x * 13 * 3)/100] = 8160

Write your comments here:

Be The First To Comment