Pratap borrowed some money from Arun at simple interest. The rate of interest for the first 3 years was 12% for the next 5 years was 16% and beyond this it was 20%. If the simple interest for 11 years was more than the money borrowed by Rs. 6080. What was the money borrowed ?

Pratap borrowed some money from Arun at simple interest. The rate of i

1.	Pratap borrowed some money from Arun at simple interest. The rate of interest for the first 3 years was 12% for the next 5 years was 16% and beyond this it was 20%. If the simple interest for 11 years was more than the money borrowed by Rs. 6080. What was the money borrowed ?
A.	Rs. 7550
B.	Rs. 8500
C.	Rs. 8000
D.	Rs. 9000
Answer» D. Rs. 9000

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Pratap borrowed some money from Arun at simple interest. The rate of interest for the first 3 years was 12% for the next 5 years was 16% and beyond this it was 20%. If the simple interest for 11 years was more than the money borrowed by Rs. 6080. What was the money borrowed ?

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