A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of Rs. 6,634 and at the end of the third year, he cleared off the debt by paying Rs.13,200. What was the sum borrowed by him?

A person borrowed a certain sum at 10% p.a. for three years, interest

1.	A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of Rs. 6,634 and at the end of the third year, he cleared off the debt by paying Rs.13,200. What was the sum borrowed by him?
A.	Rs. 16,400
B.	Rs. 16,500
C.	Rs. 15,400
D.	Rs. 15,600
Answer» D. Rs. 15,600

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A person borrowed a certain sum at 10% p.a. for three years, interest being compounded annually. At the end of two years, he repaid a sum of Rs. 6,634 and at the end of the third year, he cleared off the debt by paying Rs.13,200. What was the sum borrowed by him?

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