Ram deposited 1,60,000 in a bank which pays him 7% interest. After 3 years he withdrew the money and buys a car for 1,75,000. How much money is left with him?

Asked by ratnatarini | 18th Aug, 2019, 04:02: PM

Expert Answer:

begin mathsize 16px style Simple space Interest space equals space fraction numerator straight P cross times straight R cross times straight N over denominator 100 end fraction space equals space fraction numerator 160000 space cross times space 7 space cross times space 3 over denominator 100 end fraction space equals space Rs. space 33600
Amount space of space money space left space with space Ram space equals space open parentheses 160000 space plus space 33600 close parentheses space minus space 175000 space equals space 193600 space minus space 175000 equals space Rs. space 18600
end style

Answered by Yasmeen Khan | 19th Aug, 2019, 10:08: AM

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