Math, asked by prachi2308, 3 months ago


Mrs. Sood deposited ? 17000 in a bank at the rate of 12% per annum. If 30% is deducted as income tax
on the interest, find the net annual income

Answers

Answered by arkr6282819
15

Step-by-step explanation:

P=17000, R=12, T=1year

S.l. p*r*t/100

=17000*12*1/100

=2040

Income tax = 30% of interest

= 30*2040/100

=612

Net interest = 2040-612=1428

Thus,net terest is 1428

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