Question

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

Answer 1

the amount is

5400/(12 × 3 )

= 5400/36 = 150 × 100 = 15000₹

Answer 2

Answer:   C) Rs.15000

Explanation:

Principal =
$Rs( \frac{100 \times 5400}{12 \times 3} ) = Rs15000$