| Q.5 | Sumit borrowed certain sum on simple interest at 6 percent per annum for the first 1st year, at 7 percent for the next 2 years, at 8 percent for the next 3 years and at 10 percent for the period beyond 6 years. If he pays Rs. 3200 as total interest at the end of 8 years, then what was the sum (in Rs.) that he borrowed? | |
| Ans | 1. 5000 | |
| 2. 4850 | ||
| 3. 4800 | ||
| 4. 5200 |
Correct Ans Provided: 1