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. 15100
B) Rs. 15200.
C) Rs. 15500
D) Rs. 15000.
E) Rs. 15300
Principal = Rs.	(100 x 5400/12 x 3)	= Rs. 15000.   Option Rs. 15000.
<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: