Consider a lady took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 9900 interest only for the period. The principal amount borrowed by her was Select the correct option:
A) Rs. 2000
B) Rs. 27500
C) Rs. 15000
D) Rs. 20000
E) None of these
Explanation :   Principal = Rs. (100×9900 / 12×3)   =&gt; Rs. 27500.   Answer : Rs. 27500
<result>B</result>
Consider a lady took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 9900 interest only for the period. The principal amount borrowed by her was