Lessons

General Aptitude
3.1 Simple Interest - General Questions

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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:

View Answer

Correct choice: C

Explanation:

Principal = Rs. 100 x 5400 = Rs. 15000.
12 x 3
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