A man took a loan from a bank at the rate of 8% 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 :  Choose the correct choice
A) Rs. 2000	B) Rs. 10,500	C) Rs. 15,500	D) Rs. 22,500	E) None
Solution   Principal = Rs.(100x5400/8x3)= Rs.22,500.   Answer Rs. 22,500
<result>D</result>
A man took a loan from a bank at the rate of 8% 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 :