A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Dollar 5400 interest only for the period. The principal amount borrowed by him was:	Choose the correct answer:
A) Dollar 2000
B) Dollar 10,000
C) Dollar 15,000
D) Dollar 20,000
E) None of these
Explanation: Principal = Dollar (100 x 5400)/(12x3) = Dollar 15000.   Answer: Option Dollar 15,000
<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 Dollar 5400 interest only for the period. The principal amount borrowed by him was: