A man took loan from a bank at the rate of 13% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?
Choose the correct answer.
A) Rs. 1846 B) Rs. 18846 C) Rs. 13846 D) Rs. 2000 E) Rs. 14846
Principal = (100 * 5400) / (13 * 3) = Rs. 13846   ANSWER:Rs. 13846
<result>C</result>
A man took loan from a bank at the rate of 13% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?