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Posted on Jan 02, 2017

As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Apr 05, 2017 | Computers & Internet

There are 2 values for interest, say R and r, and R = 0.05, r = 0.04

There are 2 values for the amount earned, from the 2 banks, say I and i, and we know I + i = 100

There are 2 values for principal invested, say P and p, and we know P + p = 2125

There is only one value for period, say t = 1

So then I = P * 0.05 * 1 and

i = p * 0.04 * 1 and

I + i = 100 and

P + p = 2125

then

0.05P + 0.04p = 100

P + p = 2125

P = 2125 - p

0.05 ( 2125 - p) +0.04p = 100

106.25 - 0.05p + 0.04p = 100

106.25 - 0.01p = 100

0.01p = 6.25

p = 625

so

P = 2125 - 625 = 1500

so the amounts were $1500 and $625

There are 2 values for the amount earned, from the 2 banks, say I and i, and we know I + i = 100

There are 2 values for principal invested, say P and p, and we know P + p = 2125

There is only one value for period, say t = 1

So then I = P * 0.05 * 1 and

i = p * 0.04 * 1 and

I + i = 100 and

P + p = 2125

then

0.05P + 0.04p = 100

P + p = 2125

P = 2125 - p

0.05 ( 2125 - p) +0.04p = 100

106.25 - 0.05p + 0.04p = 100

106.25 - 0.01p = 100

0.01p = 6.25

p = 625

so

P = 2125 - 625 = 1500

so the amounts were $1500 and $625

Oct 20, 2014 | Mathsoft StudyWorks! Middle School Deluxe...

$15,000 at 3% and $6,000 at 7%.

If this is homework, be sure to show your work.

If this is homework, be sure to show your work.

Sep 06, 2014 | Office Equipment & Supplies

Invest R10000 in a bank investing at 14% compounded twice a year.

A = P(1+i)^n, where A is the amount, P is the principal or initial investment, i is the interest rate per period, and n is the number of periods.

If the annual rate is 14%, the semi-annual rate is 7%. One year is now composed of 2 6-month periods.

So after one year, we have A = 10 000 (1.07)^2 or 11,449.

Good luck,

Paul

A = P(1+i)^n, where A is the amount, P is the principal or initial investment, i is the interest rate per period, and n is the number of periods.

If the annual rate is 14%, the semi-annual rate is 7%. One year is now composed of 2 6-month periods.

So after one year, we have A = 10 000 (1.07)^2 or 11,449.

Good luck,

Paul

Nov 19, 2013 | Sharp EL-738 Scientific Calculator

4 5 0 0 0 +/- PV (investment amount, negative because you're paying it out)

2 5 0 0 0 0 FV (desired amount, positive because you're receiving it)

2 0 SHIFT xP/YR (20 years)

I/YR (calculate annual interest rate)

2 5 0 0 0 0 FV (desired amount, positive because you're receiving it)

2 0 SHIFT xP/YR (20 years)

I/YR (calculate annual interest rate)

Jan 23, 2011 | HP 10bII Calculator

=10000*(1+0.96)^12

=10000*(1+0.10)^18

=10000*(1+0.10)^24

=10000*(1+0.10)^18

=10000*(1+0.10)^24

Dec 02, 2008 | Microsoft Office Professional 2007 Full...

after 3 years u wil get rs 43692..

Aug 29, 2008 | Office Equipment & Supplies

Following formula we can use.

S=P(1+RT)

WHERE S =INVEST AMOUNT+PROFIT

P=INVEST AMOUNT

R= RATE OF RETURN

T=TIME IN YEARS

EX : (300+x) = x(1+(5.4/100)*1)

(300+x)*100 = 105.4x

x=30000/5.4

x=5555. 4

S=P(1+RT)

WHERE S =INVEST AMOUNT+PROFIT

P=INVEST AMOUNT

R= RATE OF RETURN

T=TIME IN YEARS

EX : (300+x) = x(1+(5.4/100)*1)

(300+x)*100 = 105.4x

x=30000/5.4

x=5555. 4

Jan 05, 2008 | The Learning Company Achieve! Math &...

Try the FV function
**Syntax**

**FV**(**rate**,**nper**,**pmt**,pv,type)

Nov 03, 2007 | Computers & Internet

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