Get Started
585

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
    ₹ 20,000
  • 2
    ₹ 15,000
  • 3
    ₹ 2,000
  • 4
    ₹ 10,000
  • Show Answer
  • Workspace

Answer : 2. "₹ 15,000"
Explanation :

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today