Question

What amount of interest will be received when rs 6000 is deposited in a bank for 2year at the rate of 6% per annum ,if 2%income tax should be paid

Answer 1

Answer:

705.6

Step-by-step explanation:

P=6000

T=2Years

R=6%

S.I=6000x2x6/100

S.I=720

Then,

Income tax=720x2/100

=14.40

S.I=720-14.40=705.60

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