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Pratap borrowed a sum of money from Arun...

Pratap borrowed a sum of money from Arun at simple interest at the rate of `12%` per annum for the first three years, `16%` per annum for the next five years and `20%` per annum for a period beyond eight years. If at the end of 11 years, the total interest is 6080 more than the sum, what was the sum borrowed ?

A

Rs. 7550

B

Rs. 8500

C

Rs. 8000

D

Rs. 9000

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The correct Answer is:
C
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