Question

Mr Kannan had deposited 2,500 in a bank at 12% per annum. After
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3 years, he withdraws this amount. Out of this money, he wants to buy
a dressing table costing 4,000. How much more money does he need?
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Answer 1

Answer: INVALID

Step-by-step explanation:

FOR SIMPLE INTEREST = (P * R *T)/100

                                         = (2500 * 12 * 13)/100

                                         = 3900

So, AMOUNT= P+SI

                       =2500+ 3900

                       = 6400

EXTRA MONEY NEEDED

=>4000-6400

=>-2400

therefore, money cannot be in negative

I DECLARE THAT IT IS ANN INVALID QUESTION.