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 man took loan from a bank at the rate of 12% P.A. simple interest

1.	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. 1000
C.	Rs. 15000
D.	Rs. 20000
Answer» D. Rs. 20000

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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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