Question :
A man took 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:
1. Rs. 2000
2. Rs. 10,000
3. Rs. 15,000
4. Rs. 20,000
Answer :
3 - Rs. 15,000
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