Q:

A) Rs.5624.32 | B) Rs.5423 |

C) Rs.5634 | D) Rs.5976 |

Answer: A) Rs.5624.32

Explanation:

Explanation:

5% is the rate of interest. 20% of the interest amount is paid as tax.

i.e 80% of the interest amount stays back.

if we compute the rate of interest as 80% of 5% = 4% p.a., we will get the same value.

The interest accrued for 3 years in compound interest = 3 x simple interest on principal + 3 x interest on simple interest + 1 x interest on interest on interest.

= 3 x (200) + 3 x (8) + 1 x 0.32 =600 + 24 + 0.32 = 624.32

The amount at the end of 3 years = 5000 + 624.32 = 5624.32

Q:

A) Rs.2628 | B) Rs.2662 |

C) Rs.2600 | D) Rs.3200 |

3
767

Q:

A) Rs.400 | B) Rs.390 |

C) Rs.380 | D) Rs.350 |

2
553

Q:

A) Rs. 2000 | B) Rs. 2050 |

C) Rs. 2100 | D) Rs. 2150 |

0
534

Q:

A) 21750 | B) 22050 |

C) 23250 | D) 24650 |

0
433

1
493

Q:

A) Rs.9000 | B) Rs.9500 |

C) Rs.10,000 | D) Rs.10,500 |

1
467

Q:

A) 3 years | B) 4 years |

C) 2 years | D) 1 year |

4
978

3
617