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A man took a loan at rate of 12% per annum simple interest. After 3 years he had to pay 5400 interest. The principal amount borrowed by him was.

  • Rs 14000
  • Rs 15000
  • Rs 16000
  • Rs 17000
Similar Questions :

1. We have total amount Rs. 2379, now divide this amount in three parts so that their sum become equal after 2, 3 and 4 years respectively. If rate of interest is 5% per annum then first part will be ?

  • 818
  • 828
  • 838
  • 848

2. Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years.

  • Rs 1052
  • Rs 1152
  • Rs 1252
  • Rs 1352

3. What will the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years.

  • 1:2
  • 2:1
  • 2:2
  • 2:3

4. Find the simple interest on the Rs. 2000 at 25/4% per annum for the period from 4th Feb 2005 to 18th April 2005

  • Rs 25
  • Rs 30
  • Rs 35
  • Rs 40

5. Reema took a loan of Rs 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest.

  • 5%
  • 6%
  • 7%
  • 8%
Read more from - Simple Interest Questions Answers
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