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

MCQOPTIONS

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.	Rs 15000
B.	Rs 10000
C.	Rs 20000
D.	Rs 2000
Answer» B. Rs 10000

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