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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 |
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Answer» Rs. 8000 Let the sum be Rs. x. Then, [(x * 6 * 3)/100] + [(x * 9 * 5)/100] + [(x * 13 * 3)/100] = 8160 18x + 45X + 39x = (8160 * 100) 102x = 816000 => x = 8000. |
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