A man saves Rs.2000 at the end of each years and invets the money at 5% compound interest. At the end of 3 years he will have :
1). Rs.4305
2). Rs.6305
3). Rs.4205
4). Rs.2205
Here is the right answer
Amount
= 2000$( 1+\frac{5}{100}) ^{2}$ +$( 1+\frac{5}{100})$
Required amount
= 4305 + 2000 = 6305