If Rahul bought a new phone for ₹30000 when he just had ₹26000 in his savings account, how much debt he will be in?
A debt of ₹4000
The cost of the phone = ₹30000
The amount Rahul had in his account = ₹26000
Here, amount in his savings < cost of the phone.
Thus, the amount that he should have borrowed to buy the phone = 30,000 - 26, 000 = ₹4000