8.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
Option : C
Principal
|
=
|
|
100 x SI
|
| |
Rate x Time
|
⇒ Principal
|
= Rs.
|
|
100 x 5400
|
|
= Rs. 15000.
|
12 x 3
|
Hence, P = Rs. 15000
