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Finding Amount

Seth invested...

Question

Seth invested a certain amount of money and got back an amount of ₹8400. If the bank paid an interest of ₹700, find the amount Seth invested.

A

₹8000

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B

₹7500

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C

₹7700

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D

₹7800

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Solution

The correct option is C ₹7700
Amount (A) = ₹8400,

Simple Interest (SI) = ₹700

Principal (P) = Amount (A) – Interest (I)

= 8400 - 700 = 7700

Seth invested ₹7700.

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