Anamika invests a sum of ₹ 5,000 which amounts to ₹ 6,200 in 7 years. Find the interest earned.

₹ 1,200

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₹ 1,800

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₹ 2,200

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₹ 1,200

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Solution

The correct option is A ₹ 1,200
The sum invested = ₹ 5,000.
The final Amount = ₹ 6,200.

We know that,
Principal + Interest = Amount.

So, Interest earned = ₹(6,200-5,000) = ₹ 1,200.

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Anamika invests a sum of ₹ 5,000 which amounts to ₹ 6,200 in 7 years. Find the interest earned.

The correct option is A ₹ 1,200The sum invested = ₹ 5,000. The final Amount = ₹ 6,200. We know that, Principal + Interest = Amount. So, Interest earned = ₹(6,200-5,000) = ₹ 1,200.

The correct option is A ₹ 1,200
The sum invested = ₹ 5,000.
The final Amount = ₹ 6,200.

We know that,
Principal + Interest = Amount.

So, Interest earned = ₹(6,200-5,000) = ₹ 1,200.