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.	Pick:
A) 15000	B) 2655	C) 16888	D) 6677	E) 1871
Principal = Rs. (100 x 5400)/(12*3) = Rs. 15000.   15000nswer:15000
<result>A</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.