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Amount, Principal and Interest

Ram invests a...

Question

Ram invests a sum of ₹ 6,000 which amounts to ₹ 18,000 in 3.5 years. Find the interest earned.

A

₹ 12,000

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B

₹ 22,000

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C

₹ 10,000

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D

₹ 24,000

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Solution

The correct option is A ₹ 12,000
The sum invested = ₹ 6,000.
The final amount = ₹ 18,000.

We know that,
Principal + Interest = Amount.

So, interest earned = ₹(18,000-6,000) = ₹ 12,000.

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