A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was.\nOptions:\n(A) 15000\n(B) 2655\n(C) 16888\n(D) 6677\n(E) 1871 Hmmm, my stream of consciousness:
User
Principal = Rs. (100 x 5400)/(12*3) = Rs. 15000. So, the answer is (A).
Assistant