Mr. Bede wins Rs. 120000 on Kaun Banega Crorepati. He has to pay 25% a – McqOptions

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1.	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?
A.	Rs. 122444
B.	Rs. 112880
C.	Rs. 116440
D.	Rs. 118660
E.	None of these
Answer» B. Rs. 112880

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