Question

Ravi wanted to start a business. He needed Rs 1,00,000 for setting
up his office. He checked his savings and found that he is having RS
85,000 only. He thought of borrowing the remaining amount. He
borrowed Rs. 7000 from a bank at the interest rate of 10% per
annum compounded annually for three years and Rs. 8000 at 20%
per annum for 2 years, compounded half yearly from a money
lender.
The total amount borrowed by Ravi is

Answer 1

Answer:

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