A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 3600 interest. The principal amount borrowed by him was.
Answers:
A) Rs 10000  B) Rs 15000  C) Rs 16000  D) Rs 17000  E) None of these
Explanation:   S.I.=Pâˆ—Râˆ—T/100   =&gt;P=S.I.âˆ—100/Râˆ—T   =&gt;P=3600âˆ—100/12âˆ—3=Rs10000   Option Rs 10000
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A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 3600 interest. The principal amount borrowed by him was.