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

**options are:**

A. Rs. 2000

B. Rs. 10,000

C. Rs. 15,000

D. Rs. 20,000

Correct answer is:

B. Rs. 10,000