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 ?
Prelims
-
Other questions
-
In the Cartesian plane four points P, Q, R, S have co-ordinates (1, 1), (4, 2), (4, 4) and (1, 4). The area of the quadrilateral PQRS is
Options
Answer
Answer not available
-
Consider the figure given below : PQRS is a square of side 1 unit and Q, S are the centres of the two circles. The area of the shaded portion is
Options
Answer
Answer not available