Question

After 3 years he paid the interest total intrest 5400 . He has not told how many periods has he paid?​

Answer 1

Answer:

A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay Rs. 5400 as interest only for the period. The principle amount borrowed by him was:

[A]2000

[B]10000

[C]15000

[D]20000

15000

Let the principal be x.

S.I.= \frac{Principal\times Rate\times Time }{100}

=>5400=\frac{x\times 12\times 13}{100}

=>x=\frac{5400\times 100}{12\times 3}

=>x=Rs. 15000

Hence option [C] is the right answer.

Explanation:

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