Ques:- A man has given Rs. 300000 as loan. He lent some of his capital to Ajay at an interest rate of 20% per annum and the rest to Ramesh at an interest rate of 12% per annum. At the end of one year, he got 17% of his capital as interest. How much did he lend to Ajay?
A. Rs. 120000
B. Rs. 140000
C. Rs. 160000
D. Rs. 187500
Ques:- An individual pays 30% income tax. On this tax he has to pay a surcharge of 10%. Thus the net tax rate, he has to pay is
A. 27%
B. 33%
C. 40%
D. 45%