Question

a man makes a late payment of his property tax of 30000 he is late 45 days and on each day he is required to an additional amount o1 percent as penalty but up to a amount of property tax is less than 25000 what is total amount of penalty he is. required to pay ​

Answer 1

Therefore the total amount of penalty is =Rs. 9310.34

                                                                   

Explanation:

Let amount of property tax is x

Here x<2500

The amount of penalty= $\frac{x\times 1 \times 45}{100}$

According to problem,

$x+\frac{45x}{100} = 30,000$

$\Rightarrow \frac{145x}{100} =30000$

⇒x = 20,689.66

Therefore the total amount of penalty is = (30,000-20,689.66)

                                                                   =Rs. 9310.34

Answer 2

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9310.34