Question

Mr.Sharma deposited 200rupeesin a bank at the rate of 7 percent for 1 year .What amount will he get​

Answer 1

Step-by-step explanation:

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

100

20,000×10

=2,000.

Now according to the problem, income tax will be Rs.

100

2000×30

=600.

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

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