Ravi borrowed some money at the rate of 4% p.a. for the first 3 yr at the rate of 8% p.a. for the next 2 yr and at the r

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Q 2454212154.     Ravi borrowed some money at the rate of 4% p.a. for the first 3 yr at the rate of 8% p.a. for the next 2 yr and at the rate of 9% p.a. for the period beyond 5 yr. If he pays a total simple interest of Rs. 19550 at the end of 7 yr, how much money did he borrow?
IPPB-PO 2017 Mains 2401
A

Rs. 39500

B

Rs. 42500

C

Rs. 41900

D

Rs. 43000

E

None of these

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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