Question
A man took a 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 :
Answer: Option C
- Principal = Rs. 100 x 5400 = Rs. 15000 12 x 3
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- Principal = Rs. 100 x 5400 = Rs. 15000 12 x 3
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