Reena borrowed ₹ 1000 and repayed ₹ 1140 after an year. What is the amount of interest she paid?

₹104

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₹140

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₹40

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₹110

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Solution

The correct option is B ₹140
Amount of interest paid = Amount of extra money paid back

Extra money paid = ₹ 1140 - ₹ 1000 = ₹ 140

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Reena borrowed ₹ 1000 and repayed ₹ 1140 after an year. What is the amount of interest she paid?

The correct option is B ₹140Amount of interest paid = Amount of extra money paid back Extra money paid = ₹ 1140 - ₹ 1000 = ₹ 140

The correct option is B ₹140
Amount of interest paid = Amount of extra money paid back

Extra money paid = ₹ 1140 - ₹ 1000 = ₹ 140