Interest Q.5

5A 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

Option : D
Explanation : Here, we have, the principal = Rs [{100 × 5400}/{12 × 3}] = Rs 15000.
Thus, the correct option is (D).

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