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

4
1077

4
935

Q:

A) ₹ 40000 | B) ₹ 40500 |

C) ₹ 39800 | D) ₹ 40250 |

3
975

Q:

A) Rs.250000 | B) Rs.200000 |

C) Rs.350000 | D) Rs.550000 |

0
953

Q:

A) 13270 | B) 13000 |

C) 13300 | D) 13310 |

1
4605

2
1030

4
856

Q:

A) 6998.4 | B) 6960 |

C) 6784.4 | D) 6869.4 |

1
925