Some question: A man took loan from a bank at the rate of 12% p.a. S.I. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was?
Options:
(A) 3887
(B) 2768
(C) 15000
(D) 76887
(E) 16711
Some stream of consciousness:
Principal = (100 * 5400) / (12 * 3) = Rs. 15000 The answer: (C).