Question

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

• A. $Rs.6000$
• B. $Rs.600$
• C. $Rs.5400$
• D. $Rs.400$

Answer 1

The correct option is C $Rs.5400$

Principal is the amount of money borrowed or invested.
So, in this case principal amount is Rs. $5400$.