Neelam paid Rs. 11,000 as Zakat on gold. How much gold she has. (Price of gold is Rs. 60,000 per tola)?
Neelam paid Rs. 11,000 as Zakat on gold. How much gold she has. (Price of gold is Rs. 60,000 per tola)?
Explanation
Zakat on gold is 2.5% of the total gold value.
Let x be the total gold in tolas.
- Zakat formula:
(2.5/100) × (60,000 × x) = 11,000
Solving for x:
- 0.025 × 60,000 × x = 11,000
- 1,500x = 11,000
- x = 11,000 / 1,500
- x = 7.33 tola
Thus, Neelam has 7.33 tola gold.