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

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1.	A man took a 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.	2000
B.	10000
C.	15000
D.	20000
Answer» D. 20000

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