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:

1Rs. 2000
2Rs. 10,000
3Rs. 15,000
4Rs. 20,000

Answer:- 1

Explanation:-

Solution:

\begin{aligned} Principal = R s . (\frac{100 \times 5400}{12 \times 3}) \\ = R s . 15000. \end{aligned}

$\eqalign{ & {\text{Principal}} = Rs.\,\left( {\frac{{100 \times 5400}}{{12 \times 3}}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,15000. \cr}$

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

\begin{aligned} Principal = R s . (\frac{100 \times 5400}{12 \times 3}) \\ = R s . 15000. \end{aligned}

$\eqalign{ & {\text{Principal}} = Rs.\,\left( {\frac{{100 \times 5400}}{{12 \times 3}}} \right) \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = Rs.\,15000. \cr}$ ", "dateCreated": "7/24/2019 10:09:12 AM" } }