Suresh 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 13 years is Rs.8160, how much money did he borrow?
Choose the correct choice from the following choices.
A) s.8500  B) s.6375  C) s.8000  D) s.9000  E) s.7000
using the formula S.I=P*T*R/100   (x*6*3/100)+(x*9*5/100)+(x*13*5/100)=8160   x=6375   i.e money borrowed is Rs.6375   ANSWER:s.6375
<result>B</result>
Suresh 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 13 years is Rs.8160, how much money did he borrow?