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.2000B) Rs.10000C) Rs.15000D) Rs.20000

3

Naveen NeredimalliFaculty 3y ago

5400 = P × (12/100) × 3 P = 540000/(12 × 3) P = 15000 The correct option is C Rs 15000

Ajendra Singh Narwariya 3y ago

d

Ajendra Singh Narwariya 3y ago

c

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