Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of Rs 19,550 at the end of 7 years, how much money did he borrow ?

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BANK PO Exam (Punjab And Sind Bank) 2011 click here to view all questions

Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of Rs 19,550 at the end of 7 years, how much money did he borrow ?

ARs 39,500

BRs 42,500

CRs 41,900

DRs 43,000

upendra ? May 24 '2020 at 9:8

If the amount borrowed be Rs.x, then

$\Large \frac{x \times 4 \times 3}{100}+\frac{x \times 8 \times 2}{100}+\frac{x \times 9 \times 2}{100}$ = Rs.19550Th

=>$\Large \frac{12x}{100}+\frac{16x}{100}+\frac{18x}{100}$ = 19550

=> 12x+16x+18x

= 1955000

=> 46x = 1955000

=> x = $\Large \frac{19550000}{46}$

= Rs.42500

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If the amount borrowed be Rs.x, then $\Large \frac{x \times 4 \times 3}{100}+\frac{x \times 8 \times 2}{100}+\frac{x \times 9 \times 2}{100}$ = Rs.19550Th =>$\Large \frac{12x}{100}+\frac{16x}{100}+\frac{18x}{100}$ = 19550 => 12x+16x+18x = 1955000 => 46x = 1955000 => x = $\Large \frac{19550000}{46}$ = Rs.42500 upendra ? answered May 24 '2020 at 9:8 All Comments

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