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Mr . Shaaz has 2 Million dollars and wants to invest in JP morgan to get semi annual return. The customer relationship manager tells him
Mr Shaaz has Million dollars and wants to invest in JP morgan to get semi annual return. The customer relationship manager tells him to that bank offers interest annually compounded for the investment equal to and above Million dollars and on the investment below it Mr Shaaz's friend Mr Shaheer offers million dollars along with shaaz to invest so they could get better returns they invest their total money in term deposit which promises annual interest rate with semi annual profit distribution. At the end of months they recieve profit of dollars. of the profit is deducted from profit as withholding tax. Shaaz claims that since shaheer has invested dollars of the total amount therefore he should recieve the same percentage of the remaining profit which is $ which amounts to Do u think mr shaaz is right? If yes then why and no then what should be the actual profit of me shaheer after paying withholding tax on his share of profit?
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