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 most appropriate option.
A) Rs. 10,000	B) Rs. 12,000	C) Rs. 14,000	D) Rs. 15,000	E) Rs. 16,000
Principal =Rs. (100x5400)/(12x3)= Rs.15000   answer :Rs. 15,000
<result>D</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: