Question

5. Ramit deposited 80,000 in a bank which pays him 6% interest. After three years, he
withdraws the money and buys a car for 90,000. How much money is left with him?​

Answer 1

Solution :

Given:

$\implies$ Principal (P) = 80,000

$\implies$ Interest rate (R) = 6

$\implies$ Time (T) = 3

We know that:

$\huge{\boxed{\sf{S.I.=\frac{P \times R \times T}{100}}}}$

Substituting the values:

$\sf{S.I.= \frac{80,000 \times 6 \times 3}{100}}$

$\sf{S.I.= 14,400}$

Now,

We know that:

$\boxed{\sf{Amount = S. I. +P}}$

By putting the values, we get:

$\implies$ 80,000 + 14,400

$\implies$ 94,400

Therefore:

Money left with him:

$\implies$ Rs. 94,400 - Rs. 90,000

$\implies$ Rs. 4,400

_________________

Answered by: Niki Swar, Goa❤️

Answer 2

answer

interest of 1 year

80,000 ×6/100

800×6

4800

now total interest of 3 years is

4800×3

14,400

he has total amount in his bank is

80,000+14400

94,400

he is withdrawn 90,000

94,400-90,000

4,400 remaining in his account balance.