Question

A man took a loan from a bank at the rate of 12 percentage p.a simple interest. After 3 years he had to pay RS 5400 as interest. Find the principal amount borrowed by him​

Answer 1

Answer:

15,000 rupees

Step-by-step explanation:

SI = (P * T * R) / 100

Given:

SI =5400 rupees

T = 3 years

R =12 % pa

P = (SI * 100) / (R * T)

P = 540000/36

P = 15000 rupees