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Q:

Rinky borrowed a certain sum of money from Kajal under the following repayment scheme based on simple interest. 8% p.a. for the initial 2 years, 9.5% p.a. for the next 4 years, 11% p.a. for the next 2 years, 12% p.a. after the first 8 years. Find the amount which a sum of Rs. 9000 taken for 12 years becomes at the end of 12 years?

  • 1
    Rs. 23470
  • 2
    Rs. 24567
  • 3
    Rs. 20160
  • 4
    Rs. 22350
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Answer : 3. "Rs. 20160"

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