Adam borrowed some money at the rate of 6% p.a. for the first 2 years, at the rate of 9% p.a. for the next 3 years and at the rate of 14% p.a for the next 4 years at simple interest. If he pays a total interest of Rs. 11,400 at the end of 9 years, how much money did he borrow initially?

Adam borrowed some money at the rate of 6% p.a. for the first 2 years,

1.	Adam borrowed some money at the rate of 6% p.a. for the first 2 years, at the rate of 9% p.a. for the next 3 years and at the rate of 14% p.a for the next 4 years at simple interest. If he pays a total interest of Rs. 11,400 at the end of 9 years, how much money did he borrow initially?
A.	Rs. 10,000
B.	Rs. 12,000
C.	Rs. 14,000
D.	Rs. 16,000
Answer» C. Rs. 14,000

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Adam borrowed some money at the rate of 6% p.a. for the first 2 years, at the rate of 9% p.a. for the next 3 years and at the rate of 14% p.a for the next 4 years at simple interest. If he pays a total interest of Rs. 11,400 at the end of 9 years, how much money did he borrow initially?

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