A man saves $ 200 at the end of each year and lends the money at 5% compound interest. How amuch will it become at the end of 3 years?

1. A man saves $ 200 at the end of each year and lends the money at 5% compound interest. How amuch will it become at the end of 3 years?

[Senior Officer (Financial Analyst) 2020 [MCQ] : 2020]

1. $ 662

2. $ 662.01

3. $ 662.02

4. $ 662.03

Answer

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