Discussion :: Simple Interest

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
Explanation :
Principal = Rs.\([\frac { 100*5400 } { 12*3 } ]\)  = Rs. 15000.  
Be The First To Comment