A man saves Rs 400 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. Choices:
A) Rs 662
B) Rs 1232.01
C) Rs 1324.05
D) Rs 1662.05
E) None of these
Explanation:   =[400(21/20×21/20×21/20)+400(21/20×21/20)+400(21/20)]= 1324.05   Answer: Rs 1324.05
<result>C</result>
A man saves Rs 400 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.