Q1. Sam deposited Rs. 80,000 in a bank for 3 years at the rate of 4,% per annum. If he wants to
purchase a bike that costs Rs. 1,00,000 from the amount he received at the end of 3 years. How
much more money he required to purchase the bike?
answer with full explination
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Answer:
S.I = P×R×T
100
= 80,000×4×3
100
= 9,600
Amount = 80,000 + 9,600
= 89,600
he requires = 1,00,000 - 89,600
= 10,400
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