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Ronan Asked :

27-05-2021 Simple Interest

Q. 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:

A. Rs. 2000
B. Rs. 10000
C. Rs. 15000
D. Rs. 20000

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