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. 10,000
C.
Rs. 15,000
D.
Rs. 20,000

• after 3 years
  3*12*x/100=5400
  x=15000
• 13 years agoHelpfull: Yes(14) No(6)
• Principal =(100*5400)/(12*3)= Rs. 15000
• 13 years agoHelpfull: Yes(13) No(5)
• Interest=pnr/100
  p=?
  n=3(no of years)
  r=12%(rate of interest)
  I=5400
  hence, 5400=p*3*12/100
  p=15000
• 9 years agoHelpfull: Yes(11) No(7)
• SI=(p*n*r)/100
  principal amount p=(SI*100)/(n*r)
  =(5400*100)/(3*12)
  =15000
  So ans opt c)Rs.15,000
• 10 years agoHelpfull: Yes(6) No(3)