A man took loan from a bank at the rate of 12% 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? Select.
A) 3887
B) 2768
C) 15000
D) 76887
E) 16711
Principal = (100 * 5400) / (12 * 3) = Rs. 15000   Answer: 15000
<result>C</result>
A man took loan from a bank at the rate of 12% 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?