Aptitude - Simple Interest - Discussion
Discussion Forum : Simple Interest - General Questions (Q.No. 10)
10.
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:
Answer: Option
Explanation:
| Principal = Rs. |  |
100 x 5400 |  |
= Rs. 15000. |
| 12 x 3 |
Discussion:
31 comments Page 1 of 4.
Void said:
7 months ago
12% for 3yr = 36% = 5400.
P = 100%.
=>5400 * 100/36 = 15000.
P = 100%.
=>5400 * 100/36 = 15000.
(2)
AKATUKUNDA said:
9 months ago
Interest= principal * rate * time.
5400 = principal * 12/100 * 3.
5400 = principal * 36/100.
5400 * 100 = principal * 36,
540000= 36 principal.
540000/36 = principal.
15000 = principal.
5400 = principal * 12/100 * 3.
5400 = principal * 36/100.
5400 * 100 = principal * 36,
540000= 36 principal.
540000/36 = principal.
15000 = principal.
(2)
David said:
2 years ago
S.I = PRT,
5400 = P * 12 * 3/100,
540,000 = 36P,
540,000/36,
= 15,000.
5400 = P * 12 * 3/100,
540,000 = 36P,
540,000/36,
= 15,000.
(5)
Sampson said:
3 years ago
Why do you always add 100 at the Numerator?
Not getting it. Please explain me.
Not getting it. Please explain me.
(4)
Zahid Hasan said:
4 years ago
Every year = 5400/3 = 1800, now 12%=1800, then 100%= 15000.
(2)
Amod said:
5 years ago
What does it mean like for a period? Please tell me.
Boss said:
6 years ago
Principal = (100*5400)/(12*3)=540000/36=15000.
Bindu said:
6 years ago
Here, 100 * 5400/36 = 15000.
Hariharasubramanian said:
7 years ago
Here, 100 * 5400/12 * 3 = 100 * 150 = 15,000.
(3)
Ajianth khedkar said:
8 years ago
5400 is a multiply by 100 then,
12 * 3 means rate of interest of 3 years so,
540000/ 36 = 15000.
So,
Principle amount = 15000.
12 * 3 means rate of interest of 3 years so,
540000/ 36 = 15000.
So,
Principle amount = 15000.
(1)
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