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

Step-by-step explanation:

10% is interest ,which we can written it as,

1/10,

principle amount

10 11

for 3 yrs. 1000 1331

1000 = 3000

1331 = 3993

his total amnt at the end. of 3 yrs = 3993