Question

what amount of interest will be received when Rs6000 is deposited in a bank for 2 years @6% p.a, if 2% income tax should be paid to the bank? Find it.

Answer 1

Answer:

Step-by-step explanation:-

GIVEN DATA

• principle (P) =6000
• RATE (R) = 6% pcpa @

        Time (T) = 2 year

Amount = p*{1+R/100}n

A = 6000 *53/50*

12*53*53/5

ANS =  RS 6741.5