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SSC Sample Paper SSC CGL - Sample Paper-1

  • question_answer
    A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 yr, he had to pay Rs. 5400 as interest only for the period. The principal amount borrowed by him was:

    A)  Rs. 2000                      

    B)  Rs. 10000

    C)  Rs. 20000                    

    D)  Rs. 15000

    Correct Answer: D

    Solution :

    Let the principal be Rs. x. \[x=y\] \[\Rightarrow \]   \[5400=\frac{x\times 12\times 3}{100}\] \[\Rightarrow \]   \[x=\frac{5400\times 100}{12\times 3}=Rs.\,15000\]


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