Question

A man saves 500 at the end of each year and lends the money at 10% compound
interest. How much will it become at the end of 4 years​

Answer 1

Answer:

At the end of first yr =500

At the end of second yr =500+(500*10*1/100)+500 =1050

At the end of third yr=1050+(105)+500=1655

At the end of fourth yr =1655+(165.5)+500=2320.5

Answer 2

Step-by-step explanation:

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