# A man borrowed Rs.50000 at simple interest with the rate of interest not remaining constant for the entire period. He repaid the entire amount after 8 years. The rate of interest for the first two years is 8% p.a., for the next three years it is 10% p.a., for the next two years it is 5% p.a. and 7% for the last year. How much amount did he repay to clear his loan at the end of the period?   Option 1)   Rs.68500   Option 2)   Rs.81500   Option 3)   Rs.88500   Option 4)   Rs.102600   Option 5)   Rs.101500

Rate of interest

8% for 2 years = 16 %

10 % for 3 years = 30 %

5 % for 2 years = 10 %

7 % for 1 year = 7 %

Amount = 163% of P

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