Question

. 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

saving=(3000(1+10/100)(1+10/100)(1+10/100))-3000

(3000×11/10×11/10×11/10)-3000

3993-3000

993