Question

Jack deposits Rs. $2400$ and got back an amount of Rs. $5000$ after a year. Find the simple interest he got.

• A. $1600$
• B. $2600$
• C. $3600$
• D. $4600$

Answer 1

Answer: (B)

$2600$

Given, principal $=2400$, amount $=5000$
We know, simple interest $=$ Amount $-$ principal
$\Rightarrow I=5000-2400$
$\Rightarrow I=$ Rs. $2600$
Therefore, Jack got an interest of Rs. $2600$.