Question

a took a loan from a bank at the rate of 12% PA simple interest. after 3 years he had to pay 5400 as interest find the principle amount borrowed by him

Answer 1

Answer:

15000

Let the principal be x.

$latex S.I.= \frac{Principal\times Rate\times Time }{100}&s=1$

$latex =>5400=\frac{x\times 12\times 13}{100}&s=1$

$latex =>x=\frac{5400\times 100}{12\times 3}&s=1$

$latex =>x=Rs. 15000$