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 ₹ 5,400 as interest only for the period. The principal amount borrowed by him was:
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Q:
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 ₹ 5,400 as interest only for the period. The principal amount borrowed by him was:
- 1₹ 20,000false
- 2₹ 15,000true
- 3₹ 2,000false
- 4₹ 10,000false
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