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 (in rs.) borrowed by him was

Answer 1

$\frac{12}{100} * x= \frac{5400}{3} \\\\\frac{1800}{0.12}=x \\\\15000=x$