Mathematics · Simple Interest
Sumer borrowed some money on simple interest with the condition that interest will be charged at the rate of 9% for the first two years, at the rate of 10% for the next three years and at the rate of 12% for the period beyond 5 years. If he pays a total of ₹ 11,520 as interest at the end of 9 years, then how much did he borrow?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1₹ 12,800
- 2₹ 12,000✓
- 3₹ 11,500
- 4₹ 10,000
Correct answer
₹ 12,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Simple Interest MCQs →Want more practice questions on Simple Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple Interest