CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

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

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

₹ 22,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

₹ 10,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

₹ 24,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Anamika invests a sum of ₹ 5,000 which amounts to ₹ 6,200 in 7 years. Find the interest earned.

Q. If a sum of ₹ 10,000 amounts to ₹ 20,000 in 5 years, then find the interest earned.

Q. A sum lent at the simple interest at the rate of 5% per annum for 4 years, amounts to ₹ 6,000. What is the ratio of the sum to the interest earned in five years?

Q. Ram invested a certain amount in the mutual fund and got ₹ 960 as the compound interest on this sum at the interest rate of 40% per annum for 2 years. Find the simple interest on the amount which Ram invested in the bank.

Q. Anusha invests a sum of ₹ 5,000 in a fund giving 10 % p.a rate of interest. Find the interest earned by her at the end of 10 years.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Simple Interest

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Amount, Principal and Interest

Standard VII Mathematics

Join BYJU'S Learning Program

CrossIcon