Multiple choice

Jack deposits Rs. $2400$ and got back an amount of Rs. $5000$ after a year. Find the simple interest he got.

  1. $1600$
  2. $2600$
  3. $3600$
  4. $4600$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Simple interest = Amount - Principal = 5000 - 2400 = 2600.

AI explanation

The simple interest is calculated by subtracting the principal from the total amount returned, so Rs. 5000 minus Rs. 2400 equals Rs. 2600. This difference represents the interest earned over the year. The result is 2600.

Keep practicing — related questions