Math, asked by saritamohanty12345, 8 months ago

You deposited Rs. 100,000 in a Fixed deposit for five years. The rate of interest is 6 percent per

annum. Would you be able to buy a Rs. 150,000 bike using that money?​

Answers

Answered by Anonymous
2

Answer:

No, we need 20000 rs more.

Step-by-step explanation:

P = 100000 rs

R = 6%

T = 5 yrs

Simple interest = PRT/100

=100000*6*5/100

=30000 rs

total amount after 5 yrs = 100000+30000

130000 rs

so we need 20000 rs to buy a bike of 150000 rs.

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