Question

Please help me with this question i beg you please. Hit on the white space to view the question. All my points are over please help. Please answer according to the marks given. Thank you god bless you.​

Answer 1

For 1st year:

Principal = Rs.250000

Time = 1 year

Rate = 10% per annum

Amount = P(1+r/100)^t

= 250000(1+10/100)^1

=250000(100+10/100)

=250000(110/100)

=250000×110/100

=2500×110

=275000

Interest: Amount - principal

=275000-250000

=25000

Tax= 20% of 275000

=20/100×2775000

=20×2750

=55000

For 2nd year:

Principal=275000-55000

=220000

Time=1year

Rate=10% per annum

Amount = P(1+r/100)^t

=220000(1+10/100)^1

=220000(100+10/100)

=220000(110/100)

=220000×110/100

=2200×110

=242000

Tax=20% of 242000

=20/100×242000

=20×2420

=48400

She received 242000-48400=193600 after 2 years.