A man took a loan from a bank at the rate of 9% 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 : Choose the correct option:
A) Rs. 2000	B) Rs. 10,000	C) Rs. 15,000	D) Rs. 20,000	E) None
Solution   Principal = Rs.(100x5400/9x3)= Rs. 20000.   Answer Rs. 20,000
<result>D</result>
A man took a loan from a bank at the rate of 9% 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 :