Nitin borrowed some money at the rate of 6% p.a. for the first three years, 9% p.a. for the next five years and 13% p.a. for the period beyond eight years. If the total interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow?
Let the money borrowed by Nitin=Rs.P
According to the question,
(P×6×3)/100+(P×9×5)/100+(P×13×3)/100=Rs.8160
ans=8000