A man saves Rs 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years.
Rs 662
Rs 662.01
Rs 662.02
Rs 662.03
Explanation:
=[200(21/20×21/20×21/20)+200(21/20×21/20)+200(21/20)]
=662.02
=[200(21/20×21/20×21/20)+200(21/20×21/20)+200(21/20)]
=662.02