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chandu 6 years ago

person earns Rs. 2000 per month over and above his salary as additional charge allowance. However, 30% of this additional income will be deducted as additional income tax at source. If the person would deposit Rs. 1000 per month on a long term saving fetching 12% interest his tax liability on the additional allowance would reduce to 10%. What is the effective interest for this person for money invested in the long term savings scheme?

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Karan 6 years ago

If he will not invest Rs 1000, per month, balance amount left with him after tax= Rs 1400/-
After investing Rs 1000/- per month, balance amount after tax and investment = Rs. 800/-
So effectively, he paid Rs. 600 for investment of Rs 1000 for which he is getting annual interest of Rs. 120.
so effective rate of interest = 120*100/600= 20%

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MURATHOTI NAVEEN 6 years ago

What is an array

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Ravi kumar 6 years ago

If two kinds of wheat costing Rs.17 per kg and Rs.24 per kg are mixed in the ratio of 4:3, then find the cost of the mixture per kg(in Rs)?

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Karan 6 years ago

Rs 20 per kg
cost of the mixture per kg(in Rs) = (17*4+24*2)/7= 140/7=Rs 20 per kg

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AKHIL to Tapan 6 years ago

Can anyone tell me the topics i have to read for 27th exam dec 2018.

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Karan 6 years ago

Please check the result of 'Today's puzzle'dated 25.12.2018.
Sum of 60,66,68, 71 and 72 is not equal to 410 ( in normal mathematics).

If there is some other logic, please guide everyone.

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Karan 6 years ago

I think a,b,c,d, e are different positive numbers.

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Karan 6 years ago

Thanks a lot for correcting the mistake regarding solution of 'Today's Puzzle ' dated 25.12.2018.

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