Question

If a sum of ₹ 10,000 amounts to ₹ 20,000 in 5 years, then find the interest earned.

• A. ₹ 5,000
• B. ₹ 30,000
• C. ₹ 15,000
• D. ₹ 10,000

Answer 1

The correct option is D ₹ 10,000

The sum invested = ₹ 10,000.
The final Amount = ₹ 20,000.

We know that,
Principal + Interest = Amount.

So, Interest earned = ₹(20,000-10,000) = ₹ 10,000.