Question

Roshan invests rs 240000 for 2 years at 10% per annum compounded annually. If their income tax is 20% is deducted at the end of each year on the interest accrued, find the amount he will receive at the end of two years?

Answer 1

Answer:

p=principal

r=rate

t=time

p*r*t/100

=240000*10*2/100

=2400000*2/100

=4800000/100

=48000

Step-by-step explanation: