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Nitin borrowed some money at the rate of...

Nitin borrowed some money at the rate of 6% per annum for the first three years, 9% per annum for the next five years and 13% per annum for the period beyond eight years. If the total amount paid by him at the end of eleven years is Rs 16,160, the money borrowed by him (in Rs.) was

A

12000

B

6000

C

8000

D

10000

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Verified by Experts

The correct Answer is:
C
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KIRAN PUBLICATION-SIMPLE INTERSET-TYPE - VI
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