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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 × 13500)/(15 × 3)] = Rs. 30000

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