A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly.

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โœช Choose the correct option.

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. Rs.5624.32
B. Rs.5423
C. Rs.5634
D. Rs.5976

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