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Q: A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :

A. Rs. 15,000
B. Rs. 1,50,000
C. Rs. 1500
D. Rs. 1,62,000
Answer» B. Rs. 1,50,000


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