Q. Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, the money borrowed by him (in Rupees) was?

  • (A) Rs. 12000
  • (B) Rs. 6000
  • (C) Rs. 8000
  • (D) Rs. 10000
βœ… Correct Answer: (C) Rs. 8000

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