Question

amar 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 rupees. how much money left with him

Answer 1

Rs 4400 if it's simple interest considering annually

Answer 2

Assuming the bank is using compound interest you would use the formula P(1+r/n)^r*n, substitute to 80,000(1+0.06)^3=95281.28 then you subtract 90,000 which leaves you with 5281.28

Your answer is 5281.28