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Q2. Ravish invests Rs. 2,50,000for 2 years at 8% per annumcompounded annually. if 10% ofthe interest accrued at the endof each year is deducted asincome tax , find the amount hereceived at the end of 2 years. * |
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Answer» GIVEN : Ravish invests Rs. 2,50,000 for 2 YEARS at 8% per annum compounded annually. if 10% of the interest accrued at the end of each year is deducted as income tax To find : the AMOUNT he received at the end of 2 years Solution: P = 250000 Rs R = 8 % USING Simple interest for 1 st year = P * R * T /100 Interest in 1 st Year = 250000 * 8 * 1 /100 = Rs 20000 TDS Deducted = (10/100)2000 = Rs 2000 Amount at end of 1st Year = 250000 + 20000 - 2000 = 268000 Rs Interest in 2nd Year = 268000 * 8 * 1 /100 = Rs 21440 TDS deducted = (10/100)21440 = Rs 2144 Amount after 2 Years = 268000 + 21440 - 2144 = Rs 287296 amount he received at the end of 2 years = Rs 287296 Learn More: hey @amitnrw please help me - Brainly.in Without using C.I FORMULA, calculate compound interest on ₹50,000 ... calculate the CI in 28000 at 12% per annum compounded annually ... |
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