Q16.Stephen borrowed some money at 6% for the first 4
years, 8% for the next 6 years and 11% for the period
beyond 2 years. If the total interest paid by him at the end
of eleven years is Rs 5640, how much money did he borrow
A) Rs 10000 B) Rs 6000 C) Rs 8000 D) Rs 9000
Answers
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Answer:
hope this will help
Step-by-step explanation:
Let the sum be P
⇒
100
P×6×4
+
100
P×8×6
+
100
P×11×2
=5640
⇒
100
24P
+
100
48P
+
100
22P
=5640
⇒
100
92P
=5640
⇒P=
92
5640×100
=6000
∴ Sum = Rs. 6,000
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