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:
32 comments Page 4 of 4.
Void said:
2 years ago
12% for 3yr = 36% = 5400.
P = 100%.
=>5400 * 100/36 = 15000.
P = 100%.
=>5400 * 100/36 = 15000.
(7)
Komal said:
3 months ago
Thanks for your explanation @Sanna.
(1)
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