Multiple Choice Questions on A man took loan from a bank at the rate of 12 p a simple interest After 3 years he had to pay Rs 540........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A man took loan from a bank at the rate of 12 p a simple interest After 3 years he had to pay Rs 540...........

Quant (SSC) Simple Interest
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    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:

    Rs.2000

    Incorrect Answer

    Rs.10000

    Incorrect Answer

    Rs.15000

    Correct Answer

    Rs.20000

    Incorrect Answer
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    Explanation:

    Principal = Rs(100×5400/12×3)=Rs. 15000

    By: MIRZA SADDAM HUSSAIN
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