RRB Paramedical Staff Nurse Model Paper 4

Question : 57 of 100

Marks: +1, -0

A man invests Rs. 124000 for 9 years at 5% SI. Income tax at the rate of 19% is deducted from interest earned at the end of every year. Find the amount at the end of the 9th year?

Rs. 169198
RS. 169918
Rs. 196918
Rs. 199698

Validate

Solution:

for one year

= 124000*5{/}100 = 6200

income tax

= 6200*81{/}100 = 5022

for 9 years = 45198
Amount

= 124000+45198 = 169198

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