Question
"Zampa invested Rs.__________ in an SBI Contra fund with
a 20% annual compound interest, compounded annually. At the end of each year, the bank deducts a 10% tax from his earnings. Consequently, the entire amount in his bank account after two years is Rs. ______. "Which set of values, from the following options, can be placed in the blanks in the same order as listed to make the statement true: I. 50,000, 58320 II. 30,000, 41,772 III. 25,000, 34,810 You need to select the option where the values fit correctly in the statement."Solution
ATQ, For I case: Interest earned by Zampa in the first year = 50000 × 0.2 = Rs. 10,000 Tax deducted by bank = 10000 × 0.1 = Rs. 1,000 So, amount in the account at the end of first year = 50000 + 10000 - 1000 = Rs. 59,000 Now, interest earned by Zampa in the second year = 59000 × 0.2 = Rs. 11,800 So, tax deducted = 11800 × 0.1 = Rs. 1,180 So, amount in the account at the end of second year = 59000 + 11800 - 1180 = Rs. 69,620 So, I case is not true. For II case: Interest earned in the first year by Zampa = 30000 × 0.2 = Rs. 6,000 Tax deducted = 6000 × 0.1 = Rs. 600 So, amount in the account at the end of first year = 30000 + 6000 - 600 = Rs. 35,400 Now, interest earned in the second year = 35400 X 0.2 = Rs. 7,080 So, tax deducted = 7080 × 0.1 = Rs. 708 So, amount in the account at the end of second year = 35400 + 7080 - 708 = Rs. 41,772 So, II case is true. For III case: Interest earned in the first year = 25000 × 0.2 = Rs. 5,000 Tax deducted = 5000 × 0.1 = Rs. 500 So, amount in the account at the end of first year = 25000 + 5000 - 500 = Rs. 29,500 Now, interest earned in the second year = 29500 × 0.2 = Rs. 5,900 So, tax deducted = 5900 × 0.1 = Rs. 590 So, amount in the account at the end of second year = 29500 + 5900 - 590 = Rs. 34,810 So, III case is true.
How many persons are living between H and the one who goes to Indore?
What is Phishing in terms of computer security?
मनीष 3 मार्च 1980 को पैदा हुआ था। संजीव , मनीष से 4 दिन पहले पैदा...
Read the direction carefully and answer the following question.
Six friends F, G, H, I, J and K each has a different height. G is taller than o...
- A boat's speed is 13.5 km/h when moving against the current and 18.3 km/h when moving along with the current. Determine the speed of the stream.
If Rahul is 20th in the queue from either end then, how many people are there in the queue?
Rs. 1000 was partly lent at 6% & remaining at 8% S.I. If total interest received from both was Rs. 150 in 2 years. Then find the amount kept at 6% S...
Which two signs should be interchanged in the following equation to make it correct:
120 ÷ 80 + 2 × 47 – 14 = 36
A 150-litre solution of juice and water contains the two in the ratio 3:2, respectively. If 30% of the solution is replaced with water, what will be the...
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent causes...