A man took loan from a bank at the rate of 8% p.a. simple interest. After 4 years he had to pay Rs. 6200 interest only for the period. The principal amount borrowed by him was:  Pick one:
A) Rs.17322
B) Rs.20245
C) Rs.18230
D) Rs.18375
E) Rs.19375
Rs.19375xplanation :   Principal(P) = ?   Time(T) = 4 years   Simple Interest(SI) = Rs.6200   R = 8%   P = 100×SI/RT   =100×6200/8×4   =Rs.19375   Answer : Option Rs.19375
<result>E</result>
A man took loan from a bank at the rate of 8% p.a. simple interest. After 4 years he had to pay Rs. 6200 interest only for the period. The principal amount borrowed by him was: