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 3 of 4.
Amod said:
6 years ago
What does it mean like for a period? Please tell me.
Asdf said:
1 decade ago
Then what is the formula for compound interest?
NAVEEN said:
1 decade ago
Can anybody expand this formula. SI = PTR/100.
Boss said:
7 years ago
Principal = (100*5400)/(12*3)=540000/36=15000.
Hariharasubramanian said:
8 years ago
Here, 100 * 5400/12 * 3 = 100 * 150 = 15,000.
(3)
Anusha said:
1 decade ago
Tell me logic's about this problems.
Anusha said:
1 decade ago
Can you please explain it clearly
Helia said:
9 years ago
Thanks for all the explanation.
Anand said:
1 decade ago
I=(PRN)/100
Simple formulae.
Simple formulae.
Bindu said:
7 years ago
Here, 100 * 5400/36 = 15000.
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