A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Dollar 5400 interest only for the period. The principal amount borrowed by him was:  Pick.
A) $ 18000 B) $ 13000 C) $ 14000 D) $ 15000 E) $ 19000
$ 15000   $ 15000   Principal = $ 15000ollar (100 x 5400)/(12x3) = $ 15000.
<result>D</result>
A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Dollar 5400 interest only for the period. The principal amount borrowed by him was: