05. Mr Paul had deposited 3 5,000 in a bank at 12% interest per annum. After 3 years, he
withdraws this amount. Out of this money, he wants to buy an almirah costing 9,500.
How much more money does he need?
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Answer:
ANSWER = 2700 RS
Step-by-step explanation:
P = 5,000 RS
T = 3 YEARS
R = 12% p.a.
S.I = PTR/100 = 5000*3*12/100 RS = 1800 RS
A = (5000+1800)RS = 6800 RS
COST OF ALMIRAH = 9500 RS
A = 6800 RS
MORE MONEY DID HE NEED =
(9500 - 6800)RS = 2700 RS
SO, HE NEED 2700 RS TO BUY 9500 RS ALMIRAH.
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