Raman paid Rs. 11400 as interest after 9 years. He had borrowed some money at rate of 6%for first two years, 9% for next three years and 14% for rest of the period. How much money didhe borrow?
A)rs. 10000
B)rs. 15000
C)rs. 12000
D)rs. 12500

Question

Quizplus · Accepted Answer

The total interest is calculated using the formula for simple interest: I = P * R * T / 100. By setting up equations for each period and solving for P, we find that the borrowed amount is Rs. 12000.

Raman Paid Rs