A man took loan from a bank at the rate of 10% p.a. simple interest. After 3 years he had to pay Rs. 3000 interest only for the period. The principal amount borrowed by him was:  Choose one
A) 8000  B) 10000  C) 11000  D) 12000  E) 13000
Principal = (100X3000)/(10X3)= Rs. 10000   answer : 10000
<result>B</result>
A man took loan from a bank at the rate of 10% p.a. simple interest. After 3 years he had to pay Rs. 3000 interest only for the period. The principal amount borrowed by him was: