Question

Priya invested a certain amount of money and got back an amount of Rs. $15000$. If the bank paid an interest of Rs. $5000$, what is the amount Priya invested?

• A. $5000$
• B. $8000$
• C. $15000$
• D. $10000$

Answer 1

Answer: (D)

$10000$

Amount $=$ Rs. $15000$
Simple interest $=$ Rs. $5000$
Principal $=$ Amount $-$ simple interest
$=15000-5000$
Principal $=10000$
Therefore, priya invested Rs. $10000$.