Question

You tell your dad that you want 800₹ as pocket-money every month. He can deposit some money in the bank such that the interest he gets will be equal to the money you need. His bank offers him an interest rate of 6% per annum.

How much money should he deposit in the bank?

​

Answer 1

Answer:

At first my father wouldn't give 800 rupees as pocket money please pick a low amount

Answer 2

i have do this question in khan academy

but i don't know steps

but the answer is

160000