Question

ramit deposited ₹80,000 in a bank which pays him 6% interest.after three years,he withdraws the money and buys a car for₹90,000.how much money is left with him?​

Answer 1

SIMPLE INTREST = T×P×R/100

= 3 × 80000 × 6 / 100

= 3 × 800 × 6

= ₹14400

TOTAL MONEY = 80000 + 14400

= 94400

HE WITH DRAWS 90000

= 94400 × 90000

= 4400

THE TOTAL MONEY HE LEFT IS ₹4400.