Rs 2,00,000 of tax unpaid for 73 days at 18% per annum gives interest of?
ARs 7,200
BRs 3,600
CRs 1,440
DRs 14,400
Answer & Solution
Correct answer: A. Rs 7,200
Interest = 2,00,000 x 18% x 73/365 = Rs 7,200.
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