jisookim27 jisookim27

30-03-2024
Mathematics

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Rajesh deposited Rs 4,00,000 in a private bank for 2 years at the rate of 8% per annum compound interest
compounded semi-annually deducting 5% tax on the interest. But
after one year, the bank changed its
policy and decided to provide compound
interest compounded quarterly at the same rate.
(a)What is the interest of the second year after deducting the tax?

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