A man saves ₹3000 every year and invest 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.
Answers
Answered by
10
- 10% of 3000=300 rupees
- We get =3000+300=3300rupees each year
- So for 3 year =6930+3000=9930 rupees
vk2106:
see the other fellow is also gonna get the answer 9900
Ok my eyes are on his answer
u r right
My answer is coming 10923
i forgot about the interest
U can solve it again if u want
no mine is wrong
Why achta is taking so much time
she solved it its 9930
Better u check on Google
Answered by
11
Step-by-step explanation:
P= Rs 3000
R=10%
T= 3 years
Compound interest for first year
=3000x10x1 by 100 = 200
Amount= 3000+300
= 3300
P for 2nd year = 3000+3300=6300
Compound interest for 2nd year
=6300x10x1 by 100 =630
Amount=6300+630=6930
P for 3rd year=3000+6930 = rs 9930
How u can add 6300 and 3000 it is asking at the end of third year and your answer is for the end of second year
sorry ..pl check on Google..
her anser is still correct
pl check on Google for the confirmation..
no its correct
yes. I know the ans is correct but the person who had ask question was having doubt so I told check on Google
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