Question

Muthhamiz deposits Rs. $5400$ and got back an amount of Rs. $6000$ after a year.

What is the interest amount?

• A. $600$
• B. $1,200$
• C. $1,600$
• D. $1,000$

Answer 1

The correct option is A $600$

We have given deposit amount and after certain period amount.

$\Rightarrow$ $P=$ Rs. $5400$ and $A=$ Rs. $6000$

$\Rightarrow$ $\text{Interest}=A-P$

$\Rightarrow$ $A=$ Rs. $6000-$ Rs. $5400=$ Rs. $600.$

Therefore, interest amount is Rs. $600$.