The Simple interest wasn't added to the amount and so there was a correction made in the balance amount by the bank. The incorrect amount was Rs. 6500 and the correct amount was Rs. 7540. What was the interest?

Rs. 1400

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Rs. 1004

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Rs. 1040

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Rs. 1140

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Solution

The correct option is C
Rs. 1040

The Simple interest = Incorrect amount - Correct amount

$∴$ SI = 7540 - 6500 = Rs. 1040.

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The Simple interest wasn't added to the amount and so there was a correction made in the balance amount by the bank. The incorrect amount was Rs. 6500 and the correct amount was Rs. 7540. What was the interest?

The correct option is C Rs. 1040 The Simple interest = Incorrect amount - Correct amount ∴ SI = 7540 - 6500 = Rs. 1040.

The correct option is C
Rs. 1040

The Simple interest = Incorrect amount - Correct amount

$∴$ SI = 7540 - 6500 = Rs. 1040.