Vishwanath
Friday, February 15, 2013
2.A man took a 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
Answer:
Principal = Rs. (100×5400 / 12×3)
Title : Simple Interest Q2
Description : 2.A man took a 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. ...
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