Question

Nakul's father Mr Gupta got transferred from Delhi to Mumbai. Mr Gupta had deposited rupees 55,000 in Punjab national Bank two years before at 8% per annum. He closed the account and with the interest money he purchased gifts for his friends and family members. Nakul also got two jeans, two shirts and a video game as gift. (1) How much money did Mr Gupta get from the bank? (2) How much money was spent by Mr Gupta on gifts?​

Answer 1

Answer:

Nakul's father Mr Gupta got transferred from Delhi to Mumbai. Mr Gupta had deposited rupees 55,000 in Punjab national Bank two years before at 8% per annum. He closed the account and with the interest money he purchased gifts for his friends and family members. Nakul also got two jeans, two shirts and a video game as gift.