Multiple choice

Sam invested a certain amount of money and got back an amount of Rs. $5000$. If the bank paid an interest of Rs. $2700$, find the amount Sam invested.

  1. $1300$
  2. $2300$
  3. $4300$
  4. $3300$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Amount = Principal + Interest. 5000 = P + 2700. P = 5000 - 2700 = 2300.

AI explanation

The amount Sam got back is the sum of the principal he invested and the interest paid by the bank. By subtracting the interest of Rs. 2700 from the total amount of Rs. 5000, we get the invested principal. The calculated principal amount is Rs. 2300.

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