A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.  Choose the correct choice from the following choices:	A) Rs 14000	B) Rs 15000	C) Rs 16000	D) Rs 17000	E) None of these
Explanation:   S.I.=P∗R∗T/100   =&gt;P=S.I.∗100/R∗T   =&gt;P=5400∗100/12∗3=Rs15000   Option Rs 15000
<result>B</result>
A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.