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

  • A. Tk. 20,000
  • B. Tk. 20,000
  • C. Tk. 20,000
  • D. Tk. 20,000

Answer: Option D

Explanation:

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