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cost of the Cow.7. Mr Kannan had deposited 2,500 in a bank at 12% per annum. After3 years, he withdraws this amount. Out of this money, he wants to buya dressing table costing R 4,000. How much more money does he need?2 |
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Answer» Amount after 3.5 yearsimple interest= PTR/100Amount = SI + principal amountSI= 2500*3.5*12/100= 1050Amount = 2500+10503550he needs 4000-3550= 450 rupees |
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