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## #1 2017-12-13 17:07:10

**shakeel123****Moderator**- Registered: 2017-09-21
- Posts: 50,796

### A man took loan from a bank at the rate of 12% p.a. simple intere...

# General Basic Math Exams Quizzes MCQs Quizzes Simple Interest Math Quiz

**Question:**

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:

**Option A):**

Rs. 10000**Option B):**

Rs. 20000**Option C):**

Rs. 2000**Option D):**

Rs. 15000

**Correct Answer is Option D):**

Rs. 15000

**Explanation:****Solution:**

Principal = Rs. (100 x 5400/12 x 3) = Rs. 15000

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## 2017-12-13 17:07:10

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### Re: A man took loan from a bank at the rate of 12% p.a. simple intere...

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