A man took a 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 :

2000

10000

15000

20000

Principal = Rs. (100×5400 / 12×3) => Rs. 15,000.

thanku but u should put here S.I formula also

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