Question
What is the tenure of a fixed deposit that qualifies as
a Long Term Deposit under tax saving schemes in India?Solution
A fixed deposit with a tenure of 5 years qualifies as a LongTerm Deposit under taxsaving schemes in India, and it is eligible for deductions under Section 80C of the Income Tax Act.
The average cost price of 18 pens (having equal cost price) decreased by Rs.2, when one of the pen is replaced by a new pen having cost price of Rs.74. ...
A batsman had an average of 82 runs per match in the first 25 matches. In his next 15 matches, he scored runs with an average of ‘x’ runs per match ...
Average of 15 observations calculated by a student was 70 but when he again went through his observations he realised that he took value of three observ...
The average age of 26 children and their teacher's age are 22 years. If the teacher's age is excluded, the average reduces by 1. What is the teacher's age?
Ram, Shyam, Rohan, Reeta, and Mukesh are five members of a family who are weighed consecutively, and their average weight is calculated after each membe...
A cricketer whose bowling average is 24.85, runs per wicket, takes 5 wickets for 52 runs and thereby decreases his average by 0.85. The number of wicket...
The average age of a class of 20 girls is 12 years. If 4 new girls having average age of 9 years join the class, then the average age of the class becomes:
The average of 8 numbers is 12. If the 2 is added in 1st number, 4 is added in 2nd number, 8 is added in 3rd number and in the same way the number are a...
- The monthly incomes of P, Q and R are in the ratio 6:9:10, and their average income is Rs. 12,500. If P, Q and R spend 60%, 50% and 40% of their respective...
Average marks scored by each boy in a class were 70, whereas that by each girl were 90. If the number of boys in the class is 50% more than the number o...
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