a and B deposited 2000Rs with interests 5% in a bank. after 3 and 4 year both got equal money.what was the money A get
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This question consists information about A and B's Deposit of 2000(Together)..
Given Principal Amount of A = (P) = 2000
Rate of Interest Per annum= (i) = 5%
Time= (n) = 3 years/ 4 years..
Required to find= (A) = Future Amount
Method followed= Compound Interest
We know that
A = P(1+i)^n
[where A= Future Amount, P=Principal Amount,i=Rate of Interest Per annum,n=no.of years/periods)
Take n=3years.
A = P(1+i)^n
=2000(1 +5/100)^3
=2000(1 + 0.05)^3
=2000(1.05)^3
=2000(1.157625)
=2315.25 is the amount they get after 3 years...
Share of A ,B = 2315.25/2=1157.62 each
now n=4 years...
A = P(1+i)^n
=2000(1 +5/100)^4
=2000(1 + 0.05)^4
=2000(1.05)^4
=2000(1.21550625)
=2431.01 is the amount they get after 4 years..
..Share of A ,B = 2431.01/2 = 1215.5 each
Given Principal Amount of A = (P) = 2000
Rate of Interest Per annum= (i) = 5%
Time= (n) = 3 years/ 4 years..
Required to find= (A) = Future Amount
Method followed= Compound Interest
We know that
A = P(1+i)^n
[where A= Future Amount, P=Principal Amount,i=Rate of Interest Per annum,n=no.of years/periods)
Take n=3years.
A = P(1+i)^n
=2000(1 +5/100)^3
=2000(1 + 0.05)^3
=2000(1.05)^3
=2000(1.157625)
=2315.25 is the amount they get after 3 years...
Share of A ,B = 2315.25/2=1157.62 each
now n=4 years...
A = P(1+i)^n
=2000(1 +5/100)^4
=2000(1 + 0.05)^4
=2000(1.05)^4
=2000(1.21550625)
=2431.01 is the amount they get after 4 years..
..Share of A ,B = 2431.01/2 = 1215.5 each
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