Sheela invests rs 5000 for 3 years, at 5% compound interest annually. Tax at the rate of 20% on the interest is deducted at the end of each year. Find the amount at the end of the 3rd year?
a.6756
b.5624
c.6787
d.6008
Answers
Answered by
0
d...
To alleviate this challenge, fintech companies have come up with innovations that promote transparency in their dealings with customers. Examples of these innovations include telematics insurance technologies that provide policy owners with premium rates based on number of miles used; digital currency transactions that use blockchain ledgers to reveal the nature of dealings and identities of players in the online sphere; robo-advisers that openly disclose and offer low fees for customers who have limited access to traditional financial advisers due to high costs; and peer-to-peer (P2P) lending sites that promote financial transactions where individuals lend and borrow from each other. P2P lending is particularly beneficial to emerging-market participants who have no way of getting loans from financial institutions due to a lack of financial history and credit record for each individual.
To alleviate this challenge, fintech companies have come up with innovations that promote transparency in their dealings with customers. Examples of these innovations include telematics insurance technologies that provide policy owners with premium rates based on number of miles used; digital currency transactions that use blockchain ledgers to reveal the nature of dealings and identities of players in the online sphere; robo-advisers that openly disclose and offer low fees for customers who have limited access to traditional financial advisers due to high costs; and peer-to-peer (P2P) lending sites that promote financial transactions where individuals lend and borrow from each other. P2P lending is particularly beneficial to emerging-market participants who have no way of getting loans from financial institutions due to a lack of financial history and credit record for each individual.
Similar questions