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 man invests Rs. 5000 for 3 years at 5%p.a. compound interest reckone

1.	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.	s. 5624.32
B.	s. 5627.20
C.	s. 5630.50
D.	s. 5788.125
Answer» B. s. 5627.20

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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=?

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