Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of 19,550 at the end of 7 years, how much money did he borrow?
a) 39,500
b) 42,500
c) 41,900
d) 43,000
e) None of these
a) 39,500
b) 42,500
c) 41,900
d) 43,000
e) None of these