A man deposited Rs. 10000 in a bank at the ra | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(A) The principal amount $P = Rs. 10000$ and the annual simple interest $I = \frac{5}{100} 	imes 10000 = Rs. 500$.The amount in the $n^{	ext{th}}$ y

Vedclass · Accepted Answer

$Rs. 17000$ and $Rs. 20000$

Vedclass · Answer

(A) The principal amount $P = Rs. 10000$ and the annual simple interest $I = \frac{5}{100} 	imes 10000 = Rs. 500$.The amount in the $n^{	ext{th}}$ year is given by $A_n = P + (n-1)I$.For the $15^{	ext{th}}$ year,$n = 15$:$A_{15} = 10000 + (15-1) 	imes 500 = 10000 + 14 	imes 500 = 10000 + 7000 = Rs. 17000$.The total amount after $20$ years is the amount at the end of the $20^{	ext{th}}$ year:$A_{20} = P + 20 	imes I = 10000 + 20 	imes 500 = 10000 + 10000 = Rs. 20000$.

$A$ man deposited $Rs. 10000$ in a bank at the rate of $5\%$ simple interest annually. Find the amount in the $15^{\text{th}}$ year since he deposited the amount and also calculate the total amount after $20$ years.

Similar Questions

Find the $17^{\text{th}}$ and $24^{\text{th}}$ term in the following sequence whose $n^{\text{th}}$ term is $a_{n} = 4n - 3$.

The sum of $3+5+7+\ldots$ to $n$ terms is:

If $a, b, c$ are in $A.P.$,then $3^a, 3^b, 3^c$ shall be in

The natural numbers are arranged in rows as follows:
$1$
$2, 3$
$4, 5, 6$
$7, 8, 9, 10$
$. . .$
What is the sum of the numbers in the $n^{th}$ row?

Find the sum of odd integers from $1$ to $2001$.

Vedclass Test Series

Exam Paper Generator

Online Exam Module