Question: A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
[A].Rs. 2000
Rs. 10,000
Rs. 15,000
Rs. 20,000
[A].
[B].
[C].
[D].
Answer: Option C
Explanation:
| Principal = Rs. | 100 x 5400 | = Rs. 15000. | ||
| 12 x 3 |