A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 4320 interest. The principal amount borrowed by him was.
Choose the correct choice from the following answers: A) Rs 14000 B) Rs 15000 C) Rs 12000 D) Rs 17000 E) None of these
Explanation:   S.I.=Pâˆ—Râˆ—T/100   =&gt;P=S.I.âˆ—100/Râˆ—T   =&gt;P=4320âˆ—100/12âˆ—3=Rs12000   Option Rs 12000
<result>C</result>
A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 4320 interest. The principal amount borrowed by him was.