Question

Michael deposits Rs. $5400$ and got back an amount of Rs. $6000$ after a year. What is the principal amount?

• A. $6000$
• B. $5000$
• C. $6400$
• D. $5400$

Answer 1

The correct option is D $5400$

$\Rightarrow$ Michael deposits $Rs.5400$ and got back amount of $Rs.6000$.

$\Rightarrow$ So, here deposit money is a principal amount.

$\therefore$ Principal amount is $Rs.5400$.