Yasir has Rs 567000 in his bank account. The amount of zakat he would have to pay after 1 year is ________.
Answer: Rs. 14175
Explanation
Yasir has Rs = 567000
Nisab Zakat = 2.5%
= 567,000 x 2.5%
= 14175
This question appeared in
Past Papers (1 times)
LAT Past Papers (1 times)
This question appeared in
Subjects (3 times)
MATHS MCQS (3 times)
Related MCQs
- The amount of Zakat deducted is credited in account
- How much is zakat on savings amount Rs 80000 in 1 year?
- A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
- Ali deposits an amount of X 65800 to obtain a simple interest at the rate of 14% per annum for 4 year. What total amount will Ali get at the end of 4 year?
- Yasir Arafat founded Al-Fatah in which year?
- Mr. Ali borrows RS. 500 from bank for a period of 4 years. If interest rate is 11% per anum, what would be the amount of interest he has to pay back in addition to the principal amount?
- Personal account can not be open in which Bank ?
- What is the purpose of providing bank account information?
- Which Bank was declared the Best Bank of Pakistan for the calendar year 2020?
- If a principal amount of $1000 earns 5% annual interest compounded quarterly, what will be the amount after 1 year?
