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A man took loan from a bank at the rate o f 12% p.a simple interest . After 3 years he had to pay Tk. 5400 interest only for the period. The principal amount borrowed by him was:

A man took loan from a bank at the rate o f 12% p.a simple interest . After 3 years he had to pay Tk. 5400 interest only for the period. The principal amount borrowed by him was: Correct Answer TK. 15,000

We know, I = Prn ⇒P = 1rn⇒P = 540012100×3⇒p = 5400×10012×3⇒p = 54000036.'. P = TK.15000 

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