A man took a loan from a bank at the rate of 11% 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 : Select the correct option.
A) Rs. 16363.64
B) Rs. 10,000.64
C) Rs. 15,000,64
D) Rs. 21,353.64
E) None
Solution   Principal = Rs.(100x5400/11x3)= Rs. 16363.64.   Rs. 16363.64nswer Rs. 16363.64
<result>A</result>
A man took a loan from a bank at the rate of 11% 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 :