To Find Amount of Zakat payable on a given amount (WP-10: Zakat)

Q. Kamal-ud-Din has to pay zakat on Rs.74,000. If the rate of zakat 2`\frac {1}{2}`% then how much Zakat will he pay? (Ans. Rs. 1850)

Given:

Total Amount = Rs. 74,000

Rate of Zakat = 2.5% (Fixed in Islam)

To Find:

Amount of Zakat = ?

Solution:

Amount of Zakat = 2.5% of Rs. 74,000

Amount of Zakat = `{\frac{2.5}{100}}\times74,000`

Amount of Zakat = Rs. 1,850 

Thus, the Amount of Rs.1,850 Kamal-ud-Din will pay as Zakat

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