A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 yea

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โœช Choose the correct option.

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.10000
C. Rs.15000
D. Rs.20000

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