A man took loan from a bank at the rate of 12% p.a. simple interest. After

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?

Answer: Option C
-

Principal = Rs. ( 100 x 5400 ) = Rs. 15000.
12 x 3

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