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?	Options: A) Rs. 2000 B) Rs. 10,000 C) Rs. 15,000 D) Rs. 20,000 E) Rs. 25,000
Principal =(100 x 5400)/(12 x 3) = Rs. 15000.   Answer: Option Rs. 15,000
<result>C</result>
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?