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Aptitude
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Computer Science
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Compound Interest
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
Rs.5624.32
Rs.5423
Rs.5634
Rs.5976
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Correct Answer:
Rs.5624.32
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