Wednesday, November 12, 2014

How much money did Ravi borrowed

Ravi borrowed some money at the rate of 4 pcpa for the first three years, at the rate of 8 pcpa for the next two years and at the rate of 9 pcpa for the period beyond 5 years. If he pays a total simple interest of Rs.19,950at the end of 7 years, How much money did he borrow??

1) Rs. 39,500            2) Rs. 42,500                3) Rs. 41,900               4)Rs. 43,000

Watch this space for answer in a week.

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