CAT & OMETs JEE JEE Foundation IPMAT GMAT Adda Success Stories

91- 6303239042 ☄️Upto 70% off

Question 142

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.

Solution

Rate of interest = 5% and income tax rate on interest = 20%

=> 80% of interest is added for next year principal

Now effective rate of interest = 80% of 5% = $$4\%$$ Principal sum = Rs. 5000 and time = 3 years

$$\therefore$$ Amount under compound interest = $$P(1+\frac{r}{100})^t$$

= $$5000\times(1+\frac{4}{100})^3$$

= $$5000\times\frac{26}{25}\times\frac{26}{25}\times\frac{26}{25}$$

= $$17576\times\frac{8}{25}=Rs.$$ $$5624.32$$

=> Ans - (A)

Get AI Help

View More Questions From Quant

Create a FREE account and get:

All Quant Formulas and Shortcuts PDF
100+ previous papers with solutions PDF
Top 5000+ MBA exam Solved Questions for Free

maruti sir image

MAT Quant Questions | MAT Quantitative Ability

MAT Simple Interest Compound Interest Questions MAT Miscellaneous Questions MAT Averages Questions MAT Remainders Questions MAT Geometry Questions MAT Logarithms Questions MAT Data Sufficiency Questions MAT Functions, Graphs and Statistics Questions MAT Coordinate Geometry Questions MAT Arithmetic Questions MAT Quadratic Equations Questions MAT Averages, Ratio and Proportion Questions MAT Algebra Questions MAT Number Series Questions MAT Inequalities Questions MAT Time And Work Questions MAT Time Speed Distance Questions MAT Averages Mixtures Alligations Questions MAT Logarithms, Surds and Indices Questions MAT Number Systems Questions MAT Linear Equations Questions MAT Probability, Combinatorics Questions MAT Venn Diagrams Questions MAT Profit And Loss Questions MAT Percentages Questions MAT Time, Speed and Distance Questions MAT Profit and Loss Questions MAT Mensuration Questions MAT Progressions and Series Questions

MAT DILR Questions | LRDI Questions For MAT

MAT Quant Based DI Questions MAT Miscellaneous LR Questions MAT Data Interpretation Basics Questions MAT DI Miscellaneous Questions MAT Maxima-Minima Questions MAT Puzzles Questions MAT Routes And Networks Questions MAT Data change over a period Questions MAT DI with connected data sets Questions MAT 2D & 3D LR Questions MAT Quant Based LR Questions MAT Data Interpretation Questions MAT Truth Lie Concept Questions MAT Venn Diagrams Questions MAT Selection With Condition Questions MAT Coins and Weights Questions MAT Games and Tournaments Questions MAT Arrangement Questions MAT Charts Questions MAT Scheduling Questions MAT Special Charts Questions MAT Table based DI Sets Questions

MAT Verbal Ability Questions | VARC Questions For MAT

MAT Para Summary Questions MAT Odd One Out Questions MAT Grammar and Sentence Correction Questions MAT Para Jumbles Questions MAT Verbal Ability Questions MAT Reading Comprehension Questions MAT Vocabulary Questions MAT Critical Reasoning Questions

Free MAT Topicwise Questions

MAT Arrangement MAT Truth Lie Concept MAT Remainders MAT Quant Based LR MAT Time And Work MAT Linear Equations MAT Inequalities MAT Vocabulary MAT Critical Reasoning MAT Algebra MAT Data Interpretation MAT Data Interpretation Basics MAT Simple Interest Compound Interest MAT Reading Comprehension MAT Data change over a period MAT Scheduling MAT Games and Tournaments MAT Logarithms MAT Progressions and Series MAT Arithmetic MAT Venn Diagrams MAT Averages Mixtures Alligations MAT Profit And Loss MAT 2D & 3D LR MAT Averages, Ratio and Proportion MAT Para Summary MAT Charts MAT Probability, Combinatorics MAT Maxima-Minima MAT Special Charts MAT Para Jumbles MAT Averages MAT Ssc Reasoning MAT Odd One Out MAT Number Series MAT Logarithms, Surds and Indices MAT Percentages MAT Geometry MAT DI Miscellaneous MAT Selection With Condition MAT Functions, Graphs and Statistics MAT Puzzles MAT DI with connected data sets MAT Time, Speed and Distance MAT Quant Based DI MAT Profit and Loss MAT Quadratic Equations MAT Table based DI Sets MAT Mensuration MAT Coins and Weights MAT Data Sufficiency MAT Grammar and Sentence Correction MAT Number Systems MAT Verbal Ability MAT Miscellaneous LR MAT Routes And Networks MAT Miscellaneous MAT Coordinate Geometry MAT Venn Diagrams MAT Time Speed Distance

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored

CAT mentor

Phone Number

Preferred Time

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now

cracku download image

Ask our AI anything

AI can make mistakes. Please verify important information.