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??

• 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
• 7 years agoHelpfull: Yes(3) No(0)
• 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/
• 7 years agoHelpfull: Yes(0) No(0)
• 6305. first 2000 for 2 yr , second 2000 for 1 year and third is only 2000 left and add them
• 7 years agoHelpfull: Yes(0) No(1)