Mathematics · Simple Interest
A man gets a legacy from a rich uncle which, after a 20% tax deduction at source, yields an income of Rs. 1 lakh per month when invested at 12% simple interest. What sum did the uncle leave his nephew?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,33,00,000
- 2Rs. 1,75,00,000
- 3Rs. 1,25,00,000✓
- 4Rs. 1,50,00,000
Correct answer
Rs. 1,25,00,000
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