Question

dr Singh deposited 3,00,000 in a bank at 9% p.a .find the interest earned by him after 2 years. on maturity 25% of the interest as income tax. find the amount that dr Singh will get after the deduction

Answer 1

Answer:

Now interest of Rs. 20,000 in a year at an interest 10% is  Rs. 10020,000×10=2,000.

Now according to the problem, income tax will be Rs. 1002000×30=600.

So his final income is Rs. 2,000−600=1,400.

Step-by-step explanation:

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