A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay 5,400 as interest only for the period. The principal amount borrowed by him was :

A man took a loan from a bank at the rate of 12% per annum at simple i

1.	A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay 5,400 as interest only for the period. The principal amount borrowed by him was :
A.	2,000
B.	10,000
C.	20,000
D.	15,000
Answer» E.

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A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay 5,400 as interest only for the period. The principal amount borrowed by him was :

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