Subject :IMO Class : Class 7
A man took a loan from a bank at the rate of 12% per annum simple interest. After 3 years he had to pay Rs. 5400 interest 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
Ans 1: (Master Answer)
Class : Class 1
The correct answer is C.