Question

Mr. Sharma had deposited 90,000 in a bank 3 years before at 6% simple interest per annum. Now he closed the account and with the interest money he purchased a mobile phone.

a) How much money did Mr. Sharma get from the bank

b) How much money was spent by Mr. Sharma on mobile phone?

please answer the following question with explanation ​

Answer 1

ok it's a simple question

Principle= 90000

Time= 3 years

Rate= 6%

first of all we need to find out the simple interest

I = p×r×t/100

I = (90000×6×3)/100

I = 16,200

a) so mr. Sharma will get his money plus his interest, we say it Amount in Maths

Formula;

Amount = Principle + Interest

Amount = 90000 + 16200

Amount = 1,06,200

so mr Sharma will get 1,06,200 from bank

b) He purchase a phone with his interest money so his interest was 16,200

that means he spent 16,200 for his mobile phone

I hope you understood and i gave answer as well as explanation...make me banliest

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