CAT 2020 Interest — Previous Year Question
Year
CAT 2020
Section
Quantitative
Topic
Interest
Difficulty
Medium
Question
Slot-1
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?
Rs. 8000
Rs. 10,000
Rs. 12,000
Rs. 10,500
Rs. 14,000
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