Question

Ram borrowed some money at the rate of 6% p.a. for the first 6 years, at the rate of 8% p.a. for next 8 years, and 9% p.a. for next 9 years and pays a total simple interest of Rs. 36200, how much money did he borrow?

• A. Rs.21000
• B. Rs.20000
• C. Rs.200000
• D. Rs.20140
• E. None of these

Answer 1

The correct option is B

Rs.20000

$\frac{x\times 6\times 6}{100}+\frac{x\times 8\times 8}{100}+\frac{x\times 9\times 9}{100}=36200$

$X=20000$