MPSC PYQMathematics

A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years, he had to pay Rs. 5,400 as interest. Find the amount borrowed by him.

A.Rs. 12,000
B.Rs. 20,000
C.Rs. 15,000
D.Rs. 10,500

Correct answer: C

Source paper

MPSC Gazetted Group B & C Combined Pre 2023 (English)

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