Question

14. A sum of money borrowed at the rate of 15% p.a.
amounts to Rs 9880 in 10years. Find the sum of money
borrowed.​

Answer 1

Let the money borrowed by Arun be Rs. x

Then according to the question, we have 

⇒100x×8×4+100x×10×6+100x×12×5=12160

⇒10032x+10060x+10060x=12160

⇒152x=1216000

⇒x= Rs. 8000