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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 :

Rs. 15,000
Rs. 1,50,000
Rs. 1500
Rs. 1,62,000

Correct Answer: Rs. 15,000

Explanation:

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

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