Mathematics · Interest
Aman invested Rs. 6,000 in a scheme that gives 5% simple interest per annum. What will be the interest earned and the total amount after 5 years?
- 1SI = Rs. 1,400; Total = Rs. 7,400
- 2SI = Rs. 1,000; Total = Rs. 7,000
- 3SI = Rs. 1,500; Total = Rs. 7,500✓
- 4SI = Rs. 1,200; Total = Rs. 7,200
Correct answer
SI = Rs. 1,500; Total = Rs. 7,500
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