Give a quick stream of consciousness before answering the following question. A man took loan from a bank at the rate of 13% 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) Rs. 1846
(B) Rs. 18846
(C) Rs. 13846
(D) Rs. 2000
(E) Rs. 14846
Principal = (100 * 5400) / (13 * 3) = Rs. 13846
The answer: (C).