Banking Quantitative Aptitude Simple Interest Question Bank Simple Interest and Compound Interest

  • question_answer
    Mukesh borrowed some money at the rate of 4 p.c.p.a for the first 3 year, at the rate of 8 p.c.p.a. for the next 2 year and at the rate of 9 p.c.p.a for the period of beyond 5 year. If he pays a total S.I. of Rs. 19550 at the end of 7 years How much money did he borrow?

    A) Rs. 39500

    B) Rs. 42500

    C) Rs. 41900

    D) Rs. 43000

    E) Rs. 42000

    Correct Answer: B


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