Ramesh total annual income in the financial year 2008 to 2009 was 3 lakh he deposited 1000 every month in general provident fond and pay an annual premium of 12000 on Life insurance policy if there is a no tax on income upto 1 lakh 50 thousand and 10%on income tax above
Answers
Answer:
The income of a person is Rs. 3,00,000, in the first year and he receives an increase of Rs.10,000 to his income per year for the next 19 years. Find the total amount, he received in 20 years.
Income of the person in 1st year = Rs 3,00,000
Income of the person in 2nd year = Rs 3,00,000 + 10,000
= Rs 3,10,000 Income of the person in 3rd year = Rs 3,10,000+ 10,000
= Rs 3,20,000
Thus, Income received every year is
300000, 310000, 320000,...
This is an A.P as difference between consecutive terms is constant.
Answer:
i will try
Step-by-step explanation:
Ramesh's Annual Income From 2008-2009 = 3,00,000
money deposited every month = 1,000
money desposited in 2 years = 1000*24 = 24,000
Annual premium payment = 12,000*2 = 24,000
tax on 1.5Lakh = 10% of 1,50,000 = 15,000
total expenditure = 15,000+24,000+24,000+15,000 = 78,000
total salary left of 2 years = 3,00,000-78,000 = 2,22,000