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
B. Rs.10000
C. Rs.20000
D. Rs.15000
Answer:D
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 B. Rs.10000 C. Rs.20000 D. Rs.15000