A ) 2000
B ) 10000
C ) 15000 ✅
D ) 20000
Explanation:
Let's solve this using the Simple Interest formula:
🔸 Simple Interest (SI) Formula:
SI=P×R×T/100
Where:
- SI = Simple Interest = Rs. 5400
- R = Rate = 12% per annum
- T = Time = 3 years
- P = Principal = ? (we need to find this)
Step 1: Plug in the values:
5400=P×12×3/100
5400=P×36/100
5400×100=P×36
P=5400×100/36
P=540000/36
P=15,000
✅ Final Answer:
The principal amount borrowed was Rs. 15,000.