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. 5400 interest only for the period. The principal amount borrowed by her was Choose the correct choice from the following answers:	A) Rs. 2000	B) Rs. 10000	C) Rs. 15000	D) Rs. 20000	E) None of these
Explanation :   Principal = Rs. (100×5400 / 12×3)   =&gt; Rs. 15,000.   Answer : Rs. 15000
<result>C</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. 5400 interest only for the period. The principal amount borrowed by her was