A man took loan from a bank at the rate of 13% 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) Rs. 1846\n(B) Rs. 18846\n(C) Rs. 13846\n(D) Rs. 2000\n(E) Rs. 14846 Stream of consciousness:
User
Principal = (100 * 5400) / (13 * 3) = Rs. 13846
Thus, the answer is (C).
Assistant