Question

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​

Answer 1

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