= ₹ 650 Then, Palvinder pays 40000 after 3 months ∴ Amount left = 1040650 - 40000 = ₹ 1000650 Again, the tax is calculated for next 3 month on ₹ 1000650
1000650×0.25×3
12×100
= ₹ 625.40 Now, amount left with Palvinder = (1000650 + 625.40) - 40000= 961275.4 So, it takes 6 months for Palvinder.