Question

peter invested ₹240000 for 2years at 10% per annum compounded annually.If 20% of the accrued intreast at the end of each year is deducated as incometax,find the amounr he received at the end of 2 years

Answer 1

First, you should find the amount(A) using the compound interest formula.
Then, when you have your amount(A), then find 20% of that amount(A).
Subtract that answer you get from the amount(A)

Well, I got 22,2320

I hope it's correct, if not please correct me

Answer 2

answer is-279936

find answer yourself