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.	Rs. 2000
B.	Rs. 10,000
C.	Rs. 15,000
D.	Rs. 20,000
Answer» D. Rs. 20,000

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