Ramesh borrowed some money at the rate of 5.5% per annum (p.a.) for the first 2 years, 8.5% p.a. for the next 6 years, and 14% p.a. for the period beyond 8 years. If the total interest paid for 12 years is ₹10,030, then how much money (in ₹) did he borrow?
1
8,000
2
9,000
3
1,000
4
8,500