A man saves 2000 at the end of each year and invests the money at 5% compound intrest at the end of 3years he willhave
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amount=2000(1/1+5/100)^2+2000(1/1+5/100)
2000(1/1+1/20)^2+2000(1/1+120)
2000(21/20)^2+2000(21/20)
2000(441/400)+2000(21/20)
2000[441/400+21/20]
=4305
required amount=4305+2000=Rs6305
amount=2000(1/1+5/100)^2+2000(1/1+5/100)
2000(1/1+1/20)^2+2000(1/1+120)
2000(21/20)^2+2000(21/20)
2000(441/400)+2000(21/20)
2000[441/400+21/20]
=4305
required amount=4305+2000=Rs6305
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