Q 2482434337.     A 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?

IAS 1995 Prelims
A

`12%`

B

`18%`

C

`19%`

D

`20%`

Find instant solution to any question from our database of 1.5 Lakh + Questions

 

Access free resources including

Engineering

Medical

Banking

DEFENCE

SSC

RRB

CBSE-NCERT

OLYMPIAD

Today's Score

0
Success Rate: NAN %

Practice & Test

Sr. No.SubjectTagCorrectRecorded Answer