Surender deposited rupees 2500in a bank at 12% interest per annum he withdraws his money after 5/2 .out of this amount he buys an almirah for rupess 3,000 how much money left with him
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Answer:
Formula :
SI= PTR/100
Where SI = Simple interest
P = Principal= 2500
T = time=5/2 years
R = rate of interest =12%
SI=2500 × 12 × 5 / 200
SI=750
Amount = Principal+Simple interest = 2500+750=3250
He buys an Almirah for amount = Rs.3000
Amount left = 3250-3000=250
Hence He left with Rs.250
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