A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 years he had to pay 5,400 as interest only for the period. The principal amount borrowed by him was?
- A. 5,000
- B. 10,000
- C. 15,000
- D. 20,000
- 15,000
Please select one of the options to reveal the correct answer.