Multiple choice

Muthhamiz deposits Rs. $5400$ and got back an amount of Rs. $6000$ after a year. What is the interest amount?

  1. $600$
  2. $1,200$
  3. $1,600$
  4. $1,000$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Interest = Amount - Principal = 6000 - 5400 = 600.

AI explanation

Using the basic interest formula where interest is the difference between the amount received and the principal, we calculate Rs. 6000 minus Rs. 5400. This gives an interest amount of Rs. 600.

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