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### Discussion :: Simple Interest

1. 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:

2. A.

Rs. 2000

B.

Rs. 10,000

C.

Rs. 15,000

D.
 Rs. 20,000

 Principal = Rs.$$[\frac { 100*5400 } { 12*3 } ]$$ = Rs. 15000.