if a man saves rs 1000 each year and invest at the end of the year at 5 percent compound interest, how much will the amount be at the end of 15 years?

Question

Rishabh Jain · Answer

The answer goes on like this...1000*1.05 raised to 15 + 1000*1.05 raised to 14 +........1000*1.05 raised to 1.

if a man saves rs 1000 each year and invest at the end of the year at 5 percent compound interest, how much will the amount be at the end of 15 years?

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