Question

9. 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 1

$\textbf{\huge{ANSWER}}$

Principle = Rs. {100*5400/12*3} = ₹15,000

Answer 2

Principle = Rs. {100*5400/12*3} = ₹15,000