A man took a loan from a bank at the rate of 13% 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 from the following options
A) Rs. 12,000.15 B) Rs. 13846.15 C) Rs. 15,000.15 D) Rs. 20,000.15 E) None
Solution   Principal = Rs.(100x5400/13x3)= Rs. 13846.15.   Answer Rs. 13846.15
<result>B</result>
A man took a loan from a bank at the rate of 13% 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 :