Mathematics
A man saves ₹ 3000 every year and invests it at the end of the year at 10% compound interest. Calculate the total amount of his savings at the end of the third year.
Related Questions
A sum of money is lent at 8% per annum compound interest. If the interest for the second year exceeds that for the first year by ₹ 96, find the sum of money.
A man invests ₹ 5600 at 14% per annum compound interest for 2 years. Calculate :
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(ii) the amount at the end of the first year.
(iii) the interest for the second year, correct to the nearest rupee.
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A man borrows ₹ 6000 at 5 percent C.I. per annum. If he repays ₹ 1200 at the end of each year, find the amount of the loan outstanding at the beginning of the third year.