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A man saves $ 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?

A man saves $ 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? Correct Answer $ 662.02

Related Questions

The question below is followed by statements I, II, and III. You have to determine whether the data given in the statement is sufficient for answering the question. You should use the data and your knowledge of Mathematics to choose the best possible answer. The difference between the compound interest and simple interest on a certain sum at a certain rate of interest per annum for two years is 204.20. What is the amount received on the sum of compound interest at the same rate of interest at the end of three years. I. The difference between the compound interest and the simple interest on the sum for three years is 804.258. II. The sum becomes Rs. 14528 at the end of one year. III. The compound interest on the sum for two years is 7% more than the simple interest on the sum for two years.
Priya and khushi invested Rs.3000 together. Priya invested her amount at compound interest for ‘x/10’ years at x% rate interest and khushi invested half of her amount at compound interest and remaining half at simple interest at the same rate of interest for the same time period. [It is given that ‘x/10’ is a natural number] What is the value of ‘x’? Statement I: Ratio of investment of priya and khushi is 1 : 2 respectively and total sum received by them together after a particular time at x% rate of interest is Rs. 4280. Statement II: Simple interest received by khushi is Rs. 40 less than compound interest received by her. Statement III: Sum of simple interest and compound interest received by khushi after a certain time at x% rate of interest is Rs. 2500 Which of the above statement is redundant to find the answer of the given question?
A man saves Tk. 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?
Vikki and Vinay lends an amount in the ratio of 3 : 4 for a period of 2 years at same rate. Vikki lends at compound interest but Vinay lends at simple interest. What is the rate of interest if they both receive same amount (Principal + Interest ) after 2 years?
Given below are three quantities named 1, 2 and 3. Based on the given information, you have to determine the relationship between the three quantities. You should use the given data and knowledge of Mathematics to choose between the possible answer. Quantity 1: An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes. Quantity 2: A sum of Rs. 725 is lent at the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest? Quantity 3: The difference between the compound interest and the simple interest on an amount of 15000 for 2 years is Rs. 96. What is the rate of interest per annum?
Ishwar lends an amount of Rs.2400 from Abdul. They agree that Ishwar will repay Abdul in the form of three annual instalments, over the period of three years, with the rates of interest being 2% for the first year, 4% for the second year, and 6% for the third year. It is known that the principal for the next year will be calculated based on the amount received at the end of the previous year. How much additional money does Ishwar need to pay at the end of three years, in the form of compound interest?
X saves Rs. M by transferring the amount to fixed deposit for period of 3 years at 10% rate of interest on compound interest but since government taxes interest more than Rs. 10,000 per year in fixed deposits of banks, X removes Rs. 10,000 from amount transferred to prevent the amount from getting taxed. The amount withdrawn is reinvested into a startup at 12.5% simple interest for 5 years. What is interest earned by X at end of 3 years? Assume that the interest incurred at the end of one year from FD is equal to Rs. 10,000.
Suniyo donated Rs. 2000 each to both Nobita and Giyan. If Giyan invested the money at 10% rate of interest at simple interest and Nobita gives the money to Doremon who put this money into a gadget that gives 11% rate of interest compounded annually then find after 2 years Nobita will get how much more interest than Giyan and also if they return the money to Suniyo then how much money Suniyo will get at the end of 2 years?
A money lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way, he gains Rs. 104.50, a year. The amount of money be borrows, is ?
A man invests a certain sum of money at the rate of interest 10% for 2 years. After 2 years, he earns Rs. 400 as a simple interest. If he invests the same sum of money at the same rate for 2 years on compound interest, then find how much percentage of the compound interest is greater than the simple interest?