Rahul had deposited ₹6,000 in a bank at 8% interest per annum. After 21/4 years, he withdraws this amount. Out of this money, he wants to buy a smart phone costing ₹ 11,900. How much more money does he need?
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Answer:
Rahul need more 1920 rs
Step-by-step explanation:
Given- Rahul deposited - 6000
Rate of Interest - 8%
Time - 4yrs
Solution-
6000×4×8
100
60×4×8
240×8
=1920
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