Question

You get 20% return on your investment annually but also pay a 20% tax on the gain.At the end of 5 years the net gain made by you
​

Answer 1

Answer:

400%

Step-by-step explanation:

Gain in 1 yr = 20 X P X 1/100= 1P/5

Tax = 20/100 X 1P/5=1P/25

Profit = 1P/5-1P/25=4P/25

Profit Percentage = (4P/25)/(1P/5)X100=80%

So, profit in 5 yrs = 80 X 5 = 400%