What sum of money must Shri Mehta invest in 5% “Gwaliors” at 104 to get a net income of Rs 120 after paying income tax of 25 paise in a rupee? Options: A . &nbspRs 2228 B . &nbspRs 3328 C . &nbspRs 4428 D . &nbspnone of thes

What sum of money must Shri Mehta invest in 5% “Gwaliors” at 104

Question

What sum of money must Shri Mehta invest in 5% “Gwaliors” at 104 to get a net income of Rs 120 after paying income tax of 25 paise in a rupee?

Options:

A . Rs 2228

B . Rs 3328

C . Rs 4428

D . none of thes

Answer: Option B

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