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Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years and at the rate of 14% p.a.for the period beyond five years.1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?

  • a)
    11,000

  • b)
    12,000

  • c)
    13,000

  • d)
    14,000

  • e)
    All of the above

Correct answer is option 'B'. Can you explain this answer?
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Adam borrowed some money at the rate of 6% p.a. for the first two year...




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Adam borrowed some money at the rate of 6% p.a. for the first two year...
Let the principal amount be P.

For the first two years, the interest would be:
P * 6/100 * 2 = 0.12P

After two years, the remaining principal amount would be:
P - 0.12P = 0.88P

For the next three years, the interest would be:
0.88P * 9/100 * 3 = 0.2376P

After five years, the remaining principal amount would be:
0.88P - 0.2376P = 0.6424P

For the period beyond five years, the interest would be:
0.6424P * 14/100 = 0.089936P

Total interest = 0.12P + 0.2376P + 0.089936P = 0.447536P

Therefore, Adam borrowed a principal amount of P and paid an interest of 0.447536P over the entire period.
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Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years and at the rate of 14% p.a.for the period beyond five years.1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?a)11,000b)12,000c)13,000d)14,000e)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years and at the rate of 14% p.a.for the period beyond five years.1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?a)11,000b)12,000c)13,000d)14,000e)All of the aboveCorrect answer is option 'B'. 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 Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years and at the rate of 14% p.a.for the period beyond five years.1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?a)11,000b)12,000c)13,000d)14,000e)All of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Adam borrowed some money at the rate of 6% p.a. for the first two years, at the rate of 9% p.a. for the next three years and at the rate of 14% p.a.for the period beyond five years.1£ he pays a total interest of Rs. 11, 400 at the end of nine years how much money did he borrow?a)11,000b)12,000c)13,000d)14,000e)All of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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