Question

Miss Kalpana 25 Years old earn Rs 2,25,000 in a years.What education cess will she has to pay?​

Answer 1

Answer:

56250

Step-by-step explanation:

Amount deposited by Mr. Sayyed = Rs 40,000

Rate of interest = 8%

Time = 2 years

CI = Amount −- Principle

=P(1+R100)n−P=40,000(1+8100)2−40,000=40,000[(108100)2−1]=40,000(1.1664−1)=40,000×0.1664=Rs 6656=P1+R100n-P=40,0001+81002-40,000=40,0001081002-1=40,0001.1664-1=40,000×0.1664=Rs 6656

Percentage profit=665640,000×100=16.64%Percentage profit=665640,000×100=16.64%

Investment in mutual funds by Mr. Fernandes =Rs 1,20,000

Return of investment = Rs 1,92,000

Profit = 1,92,000−1,20,000=Rs 72,0001,92,000-1,20,000=Rs 72,000

Percentage profit from mutual funds = 72,0001,20,000×100=60%72,0001,20,000×100=60%

Thus, investment by Mr. Fernandes turned out to be more profitable.