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A bank offers the business loan at simple interest, rate of interest for 1st 2 years is 8%, for the next 3 years it is 10% and for the period beyond 5 years it is 12.5% per annum. If a person took the loan of Rs. 20L and paid Rs. 36.7L after some years. Find the number of years after which he repaid the loan.

A bank offers the business loan at simple interest, rate of interest for 1st 2 years is 8%, for the next 3 years it is 10% and for the period beyond 5 years it is 12.5% per annum. If a person took the loan of Rs. 20L and paid Rs. 36.7L after some years. Find the number of years after which he repaid the loan. Correct Answer 8 years

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A bank offers the personal loan at simple interest, rate of interest for 1st 2 years is 6%, for the next 4 years it is 8% and for the period beyond 6 years it is 10% per annum. If a person took a personal loan of Rs. 20L and paid Rs. 32.8L after some years. Find the number of years after which he repaid the loan.
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