Question

Navneet deposit rupees 80000 in bank which pays him 6% interest after 3 years he withdraw the money and buy a car for rupees 90000 how much money is left with him​

Answer 1

Answer:

4,400

Explanation:

Amount Of Interest Bank Pays

Navneet = PxRxT

100

Where, P= Principal/Initial Amount

R= Rate Of Interest

T= Time in years

So, Interest Amount = 80000x6x3

100

= 800x6x3

= 14400

So, After 3 years Navneet will have:

80000 + 14400

= 94400 in his account

If he buys a car worth 90000, Amount remaining in his account will be:

94400 - 90000

= 4400

Answer 2

Answer:

the answer is Rs.4400

Explanation:

interest on principal amount is

= 80000*6/100*3

=4800*3

=14400

total amount navneet have is

principal amount+interest amount.

i.e.

= 80000+14400

=94400.

if he buy a new car for RS.90000

the remaining amount with him is...

= 94400-90000

=Rs.4400 only