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(#M40164055) ELITMUS Numerical Ability question Keep an EYE

a man saves rs2000 at the end of each year and invests the money at 5% compound interest.at the end of 3 years he will have??

Asked In Elitmus Sniper (7 years ago)

Unsolved Read Solution (3)

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Read Solution (3) :

swati  (7 years ago)

At the end of 1 st year, amount saved=rs2000,
principal for 2nd year=rs2000
so,amount =2000x(1+5/100)=rs2100,
at the end 2nd year saving=rs2000
3rd year principal=rs2100+2000=rs4100
so, amount=4100x(1+5/100)=rs4305
3rd year saving at the end=rs 2000
hence, amount at the end of 3rd year=rs4305+2000=rs6305

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Vidhya Mukati  (7 years ago)

https://www.gktoday.in/aptitude/a-man-saves-2000-rs-at-the-end-of-each-year-and-invests-the-money-at-5-compound-interest-at-the-end-of-3-years-he-will-have/

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pranay kumar  (7 years ago)

6305. first 2000 for 2 yr , second 2000 for 1 year and third is only 2000 left and add them

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