Simple Interest-Data Intensity 1 :: Discussion


10.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?
A.Rs. 2000
B.Rs. 10,000
C.Rs. 15,000
D.Rs. 20,000
Answer:  Option  C
Explanation:

Principal = Rs. 100 x 5400 = Rs. 15000.
12 x 3

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Published by:Michael Daani

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