A man took loan from a bank at the rate of 12% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?\nOptions:\n(A) 3887\n(B) 2768\n(C) 15000\n(D) 76887\n(E) 16711 Now, let's think a bit. Some random thoughts:
User
Principal = (100 * 5400) / (12 * 3) = Rs. 15000
The final answer: (C).
Assistant