Vishwanath
Friday, February 15, 2013
8.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:
A. Rs. 2000
B. Rs. 10,000
C. Rs. 15,000
D. Rs. 20,000
Option : C
Principal | = |
| 100 x SI |
| |
Rate x Time |
⇒ Principal | = Rs. |
| 100 x 5400 |
| = Rs. 15000. |
12 x 3 |
Hence, P = Rs. 15000
Title : Simple Interest Q8
Description : 8.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. Th...
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