Karan borrowed ₹11,000 from his friend and repaid ₹11,450 after a year. What is the interest amount he paid?

₹ 200

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₹ 320

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₹ 450

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₹ 510

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Solution

The correct option is C ₹ 450
Interest amount = extra money paid

Extra money paid = ₹11,450 - ₹11,000 = ₹450

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Karan borrowed ₹11,000 from his friend and repaid ₹11,450 after a year. What is the interest amount he paid?

The correct option is C ₹ 450Interest amount = extra money paid Extra money paid = ₹11,450 - ₹11,000 = ₹450

The correct option is C ₹ 450
Interest amount = extra money paid

Extra money paid = ₹11,450 - ₹11,000 = ₹450