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A person took loan from a bank at 12% ra...

A person took loan from a bank at 12% rate at simple interest 3 year later he returned Rs. 5400 as interest for a period of time. Amount taken at loan was
एक व्यक्‍ति ने एक बैंक से साधारण ब्याज की 12% वार्षिक दर पर ऋण लिया। तीन वर्ष के पश्चात उसने रू0 5,400 उस समयावधि के लिए केवल ब्याज के रूप में लौटाए। ऋणस्वरूप ली गयी मूल धन‌राशि थी

A

Rs.12,000

B

Rs. 10,000

C

Rs. 20,000

D

Rs.15,000

Text Solution

AI Generated Solution

The correct Answer is:
To find the principal amount (loan amount) taken by the person, we can use the formula for Simple Interest (SI): \[ SI = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest - \( P \) = Principal amount - \( R \) = Rate of interest per annum - \( T \) = Time in years Given: - \( SI = 5400 \) (the interest returned) - \( R = 12\% \) - \( T = 3 \) years Now, we can substitute the known values into the formula: \[ 5400 = \frac{P \times 12 \times 3}{100} \] Next, we simplify the equation: \[ 5400 = \frac{P \times 36}{100} \] To eliminate the fraction, we can multiply both sides by 100: \[ 5400 \times 100 = P \times 36 \] \[ 540000 = P \times 36 \] Now, we can solve for \( P \) by dividing both sides by 36: \[ P = \frac{540000}{36} \] Calculating the division: \[ P = 15000 \] Thus, the principal amount taken as a loan was Rs. 15,000.

To find the principal amount (loan amount) taken by the person, we can use the formula for Simple Interest (SI): \[ SI = \frac{P \times R \times T}{100} \] Where: - \( SI \) = Simple Interest ...
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