Quant Exam  >  Quant Questions  >  Kailash borrowed some money at the rate of 5%... Start Learning for Free
Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.
If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?
  • a)
    Rs.7500
  • b)
    Rs.8000
  • c)
    Rs.9600
  • d)
    Rs.10,000
  • e)
    Rs.7,000
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Kailash borrowed some money at the rate of 5% p.a. for the first three...
Answer – D.Rs.10,000 Explanation : (x*5*3/100) + (x*8*5/100)+ (x*11*3/100 ) = 8800 15x/100 +40x/100 + 33x/100 = 8800 88x = 880000 X = 10000
View all questions of this test
Most Upvoted Answer
Kailash borrowed some money at the rate of 5% p.a. for the first three...
Given:
Total interest paid by Kailash at the end of eleven years = Rs. 8800

Let's assume that Kailash borrowed Rs. x.

Calculating interest for the first three years:
Interest = (x * 5 * 3)/100 = 0.15x

Calculating interest for the next five years:
Interest = (x * 8 * 5)/100 = 0.4x

Calculating interest for the remaining three years:
Interest = (x * 11 * 3)/100 = 0.33x

Total interest = 0.15x + 0.4x + 0.33x = 0.88x

From the given information, we know that the total interest paid by Kailash is Rs. 8800. So,

0.88x = 8800
x = 10000

Therefore, Kailash borrowed Rs. 10,000.

Hence, the correct answer is option D.
Explore Courses for Quant exam
Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer?
Question Description
Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer?.
Solutions for Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant. Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Kailash borrowed some money at the rate of 5% p.a. for the first three years, 8% p.a. for the next five years and 11% p.a. for the period beyond eight years.If the total interest paid by him at the end of eleven years is Rs. 8800, how much money did he borrow?a)Rs.7500b)Rs.8000c)Rs.9600d)Rs.10,000e)Rs.7,000Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Quant tests.
Explore Courses for Quant exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev