# How much it will become at the end of 3 years?

Manju saves 200 at the end of each year and lends the money at 5% compound interest. How much it will become at the end of 3 years?

- 655.02
- 662.0
- 660.02
- None of these

**Answer: (2) 662.02**

**Solution:-**

Amount end of first year = 200 + 200 x 5/100

= 200 + 10

= Rs. 210

Amount end of second year = (210 + 200) + 410 x 5/100

= 410 + 20.5

= Rs. 430.5

Amount end of third years = (430.5 + 200) + 630.5 x 5/100

= 630.5 + 31.52

= Rs. 662.02

Hence, the correct answer is option (2) 662.02.