No products in the cart.

Sachin invest rupees 200000 for 2 …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Sachin invest rupees 200000 for 2 years at 12% per annum compounded annually. If the interest accrued is subject to income tax at 25% at the end of the year, find the amount he received the end of 2 years.

Posted by Tamanna Suri 1 year, 9 months ago

CBSE > Class 11 > Applied Maths

1 answers

Preeti Dabral 1 year, 9 months ago

Given Principal = ₹ 200000
Rate = 12% Compounded annually
Interest after 1year (I₁) ={tex}\frac{200000 \times 12 \times 1}{100}{/tex}
= 2000 {tex}\times{/tex} 12
= ₹ 24000
The interest accrued is subject to income tax at 25% at the end of each year.
So, Income tax on 24000 = 25% of 24000
= {tex}\frac{25}{100} \times {/tex} 24000 = ₹6000
Principal after 1year & after income tax.
= 200000 + 24000 - 6000
= ₹218000
Interest after 2nd year (I₂) {tex}=\frac{218000 \times 12 \times 1}{100}{/tex}
= ₹ 2180 {tex}\times{/tex} 12 = ₹ 26160
{tex}=\frac{25}{100} \times {/tex} 26160
= ₹6540
Amount after 2 year and after income tax
= 218000 + 26160 - 6540
= ₹ 237620

ANSWER

http://mycbseguide.com/examin8/

Related Questions

The simole interest on a sum of money for 3 years is ₹960 and for another period at the same rate of interest is ₹1600.How long is the second period in years

Posted by Jacob Laldinthara 6 months, 1 week ago

CBSE > Class 11 > Applied Maths

0 answers

Divide 10000001 by 1111

Posted by Anoushka Sharma 4 months, 3 weeks ago

CBSE > Class 11 > Applied Maths

0 answers

The coordinates of the circumcentre of the triangle whose vertices are at (0, 0), (6, 0) and (0, 8) is

Posted by Archita Banerjee 10 months ago

CBSE > Class 11 > Applied Maths

0 answers

(1,1,2, 3, 5, 8.) Set builder form

Posted by Veer Jain 5 months, 2 weeks ago

CBSE > Class 11 > Applied Maths

0 answers

Collect data on wheather, price,inflation,and pollution and analysis the data and make meaningful inferences

Posted by Kashish . 1 year, 2 months ago

CBSE > Class 11 > Applied Maths

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Khushi Gujra 5 months, 2 weeks ago

CBSE > Class 11 > Applied Maths

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Palash Agrawal 5 months, 1 week ago

CBSE > Class 11 > Applied Maths

0 answers

If the area of an isosceles triangle whose equal sides are 12cm each and the perimeter is 30

Posted by Rigzin Namgial 6 months, 3 weeks ago

CBSE > Class 11 > Applied Maths

1 answers

If A= {x: x ≠ x } then represent A in tabular form.

Posted by Komal Waraich 6 months ago

CBSE > Class 11 > Applied Maths

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Kanishka Joshi 9 months, 3 weeks ago

CBSE > Class 11 > Applied Maths

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App