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A man took 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:a)Rs 2000b)Rs 10,000c)Rs 15,000d)Rs 20,000Correct answer is option 'C'. Can you explain this answer? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A man took 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:a)Rs 2000b)Rs 10,000c)Rs 15,000d)Rs 20,000Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man took 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:a)Rs 2000b)Rs 10,000c)Rs 15,000d)Rs 20,000Correct answer is option 'C'. Can you explain this answer?.

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