Saved Bookmarks
| 1. |
Adam borrowed some money at the rate of 6% p.a. for the first two years , at the rate of 9% p.a. for the next three years , and at the rate of 14% p.a. for the period beyond four years. he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow ? |
|
Answer» Let the sum borrowed be x. Then, (x*2*6)/100 + (x*9*3)/100 + (x*14*4)/100 = 11400 (3x/25 + 27x/100 + 14x / 25) = 11400 95x/100 = 11400 x = (11400*100)/95 = 12000. Hence , sum borrowed = Rs.12,000. |
|