A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Tk.5400 interest only for the period. The principal amount borrowed by him was:

1. A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Tk.5400 interest only for the period. The principal amount borrowed by him was:

[Asst. Excutive Officer 2019 [MCQ] : 2019]

1. Tk. 20,000

2. Tk. 10,000

3. Tk. 2000

4. Tk. 15,000

Answer

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