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:
Rs. 2000
Rs. 10,000
Rs. 15,000
Rs. 20,000
Answer: Option
Explanation:

Principal = Rs. 100 x 5400 = Rs. 15000.
12 x 3

Discussion:
31 comments Page 2 of 4.

Ashik said:   1 decade ago
p=?
r=12%
t=3 yrs
p*t*r/100=s.i
p*3*12/100=5400
p*36=5400*100=540000
p=540000/36
p=15000

Kota said:   9 years ago
36% ----> 5400 then 1% ----> 5400/36 =150.
100%---->x
So, x = 150 * 100.
=15000.

Sampson said:   4 years ago
Why do you always add 100 at the Numerator?

Not getting it. Please explain me.
(4)

Muhammed Afees said:   9 years ago
5400/3 = 1800 (one year intrest).

Hence principal amount = 1800/.12 = 15000.

Chandrakant sinh said:   1 decade ago
One year int is 36 for 100 so total int is 5400 so 5400*100/36 = 15000.

David said:   3 years ago
S.I = PRT,
5400 = P * 12 * 3/100,
540,000 = 36P,
540,000/36,
= 15,000.
(7)

Rajesh said:   9 years ago
---> 15000*12% = 1800.

----> 1800*3 = 5400.

Answer : 15000.

Kannan said:   1 decade ago
Can you show me the work out sample for this i couldn't get it.

Void said:   1 year ago
12% for 3yr = 36% = 5400.
P = 100%.
=>5400 * 100/36 = 15000.
(7)

Zahid Hasan said:   4 years ago
Every year = 5400/3 = 1800, now 12%=1800, then 100%= 15000.
(2)


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