A man took a 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 :	Choose the correct choice from the following answers.
A) Rs. 2000
B) Rs. 10,000
C) Rs. 15,000
D) Rs. 20,000
E) None
Solution   Principal = Rs.(100x5400/12x3)= Rs. 15000.   Answer Rs. 15,000
<result>C</result>
A man took a 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 :