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Q.
A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :
A.
Rs. 15,000
B.
Rs. 1,50,000
C.
Rs. 1500
D.
Rs. 1,62,000
View Answer
Correct choice: A
Explanation:
Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.
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