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    Question

    A took loan from a bank at the rate of 15%p.a. simple

    interest. After 3 years he had to pay Rs.13500 interest only for the period. The principal amount borrowed by him was:
    A 36000 Correct Answer Incorrect Answer
    B 35000 Correct Answer Incorrect Answer
    C 30000 Correct Answer Incorrect Answer
    D 32000 Correct Answer Incorrect Answer

    Solution

    Principal = Rs. [(100┬а├Ч 13500)/(15┬а├Ч 3)] = Rs. 30000

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