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Message: <blockquote data-quote="yaka92" data-source="post: 30952350" data-attributes="member: 563337">WHT ekata 5% ekapara kapenne nane  <img src="/styles/default/xenforo/smilies/default/eek.gif"  class="smilie" loading="lazy" alt=":eek:" title="eek    :eek:" data-shortname=":eek:" />chtgpt kiwe mehema<h3>Step 1 – Confirm Tax Rate</h3>In Sri Lanka:<ul> <li data-xf-list-type="ul">As of recent rules, 5% Withholding Tax is deducted at source on interest income (banks deduct this before paying you).</li> </ul>I’ll assume 5% WHT here.<hr /><h3>Step 2 – Adjust Interest Rate</h3> <ul> <li data-xf-list-type="ul">Nominal annual rate = 9%</li> <li data-xf-list-type="ul">After WHT = 9% × (1 − 0.05) = 8.55%</li> </ul>So effectively you earn 8.55% per year, paid monthly.<ul> <li data-xf-list-type="ul">Monthly rate = 8.55%÷128.55\% ÷ 128.55%÷12 = 0.7125%</li> </ul><hr /><h3>Step 3 – Recurring Deposit Formula</h3>Maturity=P×(1+r/n)nt−1(1+r/n)−1Maturity = P \times \frac{(1 + r/n)^{nt} - 1}{(1 + r/n) - 1}Maturity=P×(1+r/n)−1(1+r/n)nt−1Where:<ul> <li data-xf-list-type="ul">P=19,000P = 19,000P=19,000</li> <li data-xf-list-type="ul">r=0.0855r = 0.0855r=0.0855</li> <li data-xf-list-type="ul">n=12n = 12n=12</li> <li data-xf-list-type="ul">t=2t = 2t=2 years</li> </ul><hr /><h3>Step 4 – Calculation</h3>(1+r/n)=1+0.0855/12=1.007125(1 + r/n) = 1 + 0.0855/12 = 1.007125(1+r/n)=1+0.0855/12=1.007125 (1.007125)24≈1.1896(1.007125)^{24} \approx 1.1896(1.007125)24≈1.1896 1.1896−10.007125=0.18960.007125≈26.62\frac{1.1896 - 1}{0.007125} = \frac{0.1896}{0.007125} \approx 26.620.0071251.1896−1=0.0071250.1896≈26.62 Maturity=19,000×26.62≈505,780 LKRMaturity = 19,000 \times 26.62 \approx 505,780 \ \text{LKR}Maturity=19,000×26.62≈505,780 LKR<hr /><h3>Step 5 – Net Gain</h3> <ul> <li data-xf-list-type="ul">Total deposits = 456,000 LKR</li> <li data-xf-list-type="ul">Maturity value (after tax) ≈ 505,780 LKR</li> <li data-xf-list-type="ul">Net profit ≈ 49,780 LKR</li> </ul><hr /><img class="smilie smilie--emoji" loading="lazy" alt="✅" title="Check mark button    :white_check_mark:" src="https://cdn.jsdelivr.net/joypixels/assets/6.6/png/unicode/64/2705.png" data-shortname=":white_check_mark:" /> Final Answer (with 5% WHT):If you invest Rs. 19,000 monthly for 2 years, you’ll get around LKR 505,780, which is a profit of about LKR 49,780 after tax.</blockquote>

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