35.
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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:
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Rs. 2000
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Rs. 10,000
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Rs. 15,000
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Rs. 20,000
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Answer: Option C
Explanation:
Principal = Rs.
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100 x 5400
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= Rs. 15000.
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12 x 3
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Title : Simple Interest Q35
Description : 35. 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 per...
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