Join ExamsbookAnswer : 1. "Rs. 15,000"
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 :5
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 :
- 1Rs. 15,000true
- 2Rs. 1,50,000false
- 3Rs. 1500false
- 4Rs. 1,62,000false
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Answer : 1. "Rs. 15,000"
Explanation :
Answer: A) Rs. 15,000 Explanation: Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.