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.
Srinivas said:
1 decade ago
S.I=P*T*R/100
SIMPLE INTEREST=5400
T=3
R=12
THEREFORE P=S.I*100/T*R
=5400*100/12*3
=15000
SIMPLE INTEREST=5400
T=3
R=12
THEREFORE P=S.I*100/T*R
=5400*100/12*3
=15000
Anusha said:
1 decade ago
Can you please explain it clearly
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