Multiple choice

Mr. Bede wins Rs. 120000 on Kaun Banega Crorepati. He has to pay 25% as gift tax to the government. He places remaining money in fixed deposit @ 10% compounded annually. However, he has to pay 20% tax on the interest. How much money does Mr. Bede has after 4 years?

  1. Rs. 122444

  2. Rs. 112880

  3. Rs. 116440

  4. Rs. 118660

  5. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer