Question

A man saves 10000 every year and invests it at the end of the year at 12% compound interes.p Calculate the total amount of his savings at the end of the third year.​

Answer 1

Answer:

₹9930

Step-by-step explanation:

A man saves ₹ 3000 every year

and invests it at the end of the year at 10%

• compound interest calculate

• the total amount and interest earned at the end of 3 years

• = ₹6930.
• Now ₹3000 is added with the above amount and thus total savings is. = ₹(6930 + 3000) = ₹9930.