Q. A man took a loan from a bank at the rate of 12 % p.a. simple interest. After three years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
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Answer:
Ans:-Rs.15000
Explanation:-
Principal = Rs(100×540012×3)=Rs. 15000Rs100×540012×3=Rs. 15000
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Step-by-step explanation:
answer is Rupees 15000
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