John takes a loan from an investor at the rate of 12% per annum simple interest. After three years, he pays an interest of ₹10,800. Find the principal amount borrowed by him.

₹20,000

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₹24,000

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₹30,000

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₹36,000

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Solution

The correct option is C ₹30,000
Given:
Simple Interest $(S I) = ₹ 10, 800$
Time period $(T) = 3 y e a r s$
Rate $(R) = 12$ % per annum

Let the principal be $P$ .

By formula,
Principal $P$ = $\frac{S I \times 100}{R \times T}$

= $\frac{10, 800 \times 100}{12 \times 3}$

= $₹ 30, 000$

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John takes a loan from an investor at the rate of 12% per annum simple interest. After three years, he pays an interest of ₹10,800. Find the principal amount borrowed by him.

The correct option is C ₹30,000Given: Simple Interest (SI)=₹10,800 Time period (T)=3 years Rate (R)=12% per annum Let the principal be P. By formula, Principal P = SI×100R×T = 10,800×10012×3 = ₹30,000

The correct option is C ₹30,000
Given:
Simple Interest $(S I) = ₹ 10, 800$
Time period $(T) = 3 y e a r s$
Rate $(R) = 12$ % per annum

Let the principal be $P$ .

By formula,
Principal $P$ = $\frac{S I \times 100}{R \times T}$

= $\frac{10, 800 \times 100}{12 \times 3}$

= $₹ 30, 000$