A man took a loan from a bank at the rate of 11% p.a. simple interest. After three years, he had to pay Rs. 9570 interest only for the period. The principal amount borrowed by him was:

A man took a loan from a bank at the rate of 11% p.a. simple interest.

1.	A man took a loan from a bank at the rate of 11% p.a. simple interest. After three years, he had to pay Rs. 9570 interest only for the period. The principal amount borrowed by him was:
A.	Rs. 27,685
B.	Rs. 25,000
C.	Rs. 29,000
D.	Rs. 26,545
Answer» D. Rs. 26,545

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A man took a loan from a bank at the rate of 11% p.a. simple interest. After three years, he had to pay Rs. 9570 interest only for the period. The principal amount borrowed by him was:

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