A man took 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 option.
A) 34299	B) 28789	C) 15000	D) 28999	E) 15022
Answer: 15000) Rs.15000
<result>C</result>
A man took 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: