Consider a lady took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 7200 interest only for the period. The principal amount borrowed by her was Answers
A) Rs. 2000
B) Rs. 10000
C) Rs. 15000
D) Rs. 20000
E) None of these
Explanation :   Principal = Rs. (100×7200 / 12×3)   =&gt; Rs. 20,000.   Answer : Rs. 20000
<result>D</result>
Consider a lady took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 7200 interest only for the period. The principal amount borrowed by her was