question 62 (Question:869541.0)

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Kumar Vinit

· started a discussion

· 1 Months ago

question 62 (Question:869541.0)

dear sir, pahle calucation karna sikhiye tab question create kijiye. tab tak ke liye job resign kijiye. THANKS.
AAPKA SUBHCHINTAK
VINIT
9199374576

Question:

Rs. 120000 was invested by Ravi in a fixed deposit @ 20% per annum at C.I. However every year he has to pay 30% tax on the compound interest. How much money does Ravi have after 3 years?

Options:

3209280

309280

329280

None of these

Solution:

Note that, after charge 30% tax on compound interest. Ultimately, $20 \times \frac{70}{100}$ = 14% interest.

So, that net value after 34 years = 120000 $\times \frac{114}{100} \times \frac{114}{100} \times \frac{114}{100}$

= 329280

Kumar Vinit

· commented

· 1 Months ago

calucation === calculation

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