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:	Choose the most appropriate option:
A) Rs. 2000
B) Rs. 10,000
C) Rs. 15,000
D) Rs. 18,000
E) Rs. 20,000
Principal = Rs. (100 x 5400)/(12X3) = 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: