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Question

A man has RS 20,000 in his account in a bank. He withdraw RS 3000 per month for month for third month. what will be the balance in his account after 3 month .

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Solution

The initial amount in the bank account is Rs 20,000It is given that the person withdraws Rs 3000 each for the next three months.Thus the amount withdrawn in first month is Rs 3000, amount withdrawn in secondmonth is RS 3000, in third month the amount withdrawn is again Rs 3000.The total amount withdrawn in three months will be, Rs 3000+Rs 3000+Rs 3000=Rs 9000The balance in the acoount can be found by subtracting this amount from the initialamount. Rs20,000-Rs9000=RS 11,000Thus the remaining balance in the bank account is Rs 11,000

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