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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 :

  • 1
    Rs. 15,000
  • 2
    Rs. 1,50,000
  • 3
    Rs. 1500
  • 4
    Rs. 1,62,000
  • Show Answer
  • Workspace

Answer : 1. "Rs. 15,000"
Explanation :

Answer: A) Rs. 15,000 Explanation: Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.

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