Mohan took a loan at the rate of 12% pa from a bank. If after eight years he returned Rs. 12544 including the interest, what was the principal amount ?

Mohan took a loan at the rate of 12% pa from a bank. If after eight

1.	Mohan took a loan at the rate of 12% pa from a bank. If after eight years he returned Rs. 12544 including the interest, what was the principal amount ?
A.	5600
B.	6400
C.	7200
D.	8600
Answer» C. 7200

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Mohan took a loan at the rate of 12% pa from a bank. If after eight years he returned Rs. 12544 including the interest, what was the principal amount ?

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