A man invests Rs. 5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year = ?

Gaurav Lamba • 2.83K Points
Extraordinary Math

Q. A man invests Rs. 5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year = ?

(A) Rs. 5624.32
(B) Rs. 5627.20
(C) Rs. 5630.50
(D) Rs. 5788.125

Correct Answer - Option(A)

No solution found for this question.
Add Solution and get +2 points.

You must be Logged in to update hint/solution

Discusssion

Be the first to start discuss.

Related MCQs on Math

Q. The average score of a cricketer for ten matches is 38.9 runs. If the average for the first six matc...

Q. The sum of first sixty numbers from one to sixty is divisible by

Q. The greatest number which will divides: 4003, 4126 and 4249, leaving the same remainder in each case...

Q. A lent Rs. 5000 to B for 2 years and Rs. 3000 to C for 4 years on simple interest at the same rate o...

Q. A train passes two persons walking in the same direction at a speed of 3 kmph and 5 kmph respectivel...

Q. Kamal took Rs. 6800 as a loan which along with interest is to be repaid in two equal annual installm...

Q. If selling price of an article is 4/3 of its cost price, the profit in the transaction is

Q. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in ord...

Q. A can do a piece of work in 4 hours; B and C can do it in 3 hours. A and C can do it in 2 hours. How...

Q. Find the compound interest on a sum of 12000 for two year at 8% pa compounded half yearly (approx)

Learn All Math MCQs

Download our easy to use, user friendly Android App from Play Store. And learn MCQs with one click.