Correct Answer - Option 2 : Rs. 13200
Given
Simple interest for 3 years - simple interest for 2 years = Rs. 396
Rate = 3%
Formula used
Simple interest = (p × r × t)/100
Where p, r and t are principal, rate and time respectively
Calculation
Interest for 1 year = 396
⇒ 396 = (P × 3 × 1)/100
⇒ (396 × 100)/3 = P
⇒ 13200 = P
∴ Principal is Rs. 13,200