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 Rs. 5,400 as interest only for the period. The principal amount borrowed by him was: - Study24x7
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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 Rs. 5,400 as interest only for the period. The principal amount borrowed by him was:

A

Rs. 2,000

B

Rs. 10,000

C

Rs. 20,000

D

Rs. 15,000

SSC Banking Railways
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