A man saves ₹ 2000 at the end of each year and invests

A man saves ₹ 2000 at the end of each year and invests the money at 5% compound interest. At the end of 3 years he will have :

As per the given question,

Amount = 2000		1 +	5		²	+ 2000		1 +	5
			100						100

Amount = 2000 ×		21		²	+ 2000		21
		20					20

⇒ Amount = 2000 ×	21	×	41	= ₹ 4305
	20		20

∴ Required amount = 4305 + 2000 = ₹ 6305