Question

A man saves rs.200 at the end of each year and lends the money 5% compound interest.How much will it worth at the end of 3 years?

Answer 1

Answer:

662.025

Step-by-step explanation:

200+5%=210 first yr amt at the end

in 2 nd year =(210+200)+5%=430.5 amt at the end

in 3 rd yr =(430.5+200)+5%=662.025

total amt at end of 3 years 662.025

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