Question

9. A man saves 3,000 every year and
invests it at the end of the year at 10%
compound interest. Calculate the total
amount of his savings at the end of the third
year.​

Answer 1

Answer:

3993

Step-by-step explanation:

principal amount =3000

so   3000 * {1+ 10/100}

   3000 * 11/10 * 11/10 * 11/10

so    1331*3 = 3993 answer

and the interest will be 3993-3000

                                      =993.