Rohan borrowed a certain sum of money at simple interest. Rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid rs 2059 as interest, then what is the sum borrowed (in rs
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Step-by-step explanation:
he may be borrowed is ₹100
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Answer:2900
It is known that r % X t = extra = means this extra percent will be equal to SI
Here,
(3% X 3)+(4%X5)+(6%X7)=71%
71%=2059
100%=2900 i.e. sum borrowed
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