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Rohan borrowed a certain sum of money at...

Rohan borrowed a certain sum of money at simple interest. The rate of interest was 3% per annum for first 3 years, 4% per annum for next 5 years and 6% per annum for next 7 years. If he paid Rs. 2059 as interest, then what is the sum borrowed (in Rs.)?

A

2400

B

2500

C

2900

D

3100

Text Solution

Verified by Experts

The correct Answer is:
C
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