Question

Sam invested a certain amount of money and got back an amount of Rs. $5000$. If the bank paid an interest of Rs. $1700$, find the amount Sam invested.

• A. $5000$
• B. $1300$
• C. $3300$
• D. $1700$

Answer 1

Answer: (C)

$3300$

Amount $=$ Rs. $5000$
Simple interest $=$ Rs. $1700$
Principal $=$ Amount $-$ simple interest
$=5000-1700$
Principal $=3300$
Therefore, Sam invested Rs. $3300$.