Question

a man deposits rs 10000 in a bank at 10% p.a. after 15 years how much amount will he get?

Answer 1

Answer:

15000+10000

Step-by-step explanation:

P*R*N/100

Answer 2

Interest (per year) = 10000 x 10%

Interest = 1000

Amount in the 1st year = 10000

Amount in the 2nd year = 11000

Amount in the 3rd year = 12000

10000, 11000, 12000 ...

As this is forming a series, so it is in an AP

a = 10000

d = 1000

An = a + (n - 1) d

A15 = 10000 + (15 - 1) 1000

A15 = 10000 + 14 x 1000

A15 = 10000 + 14000

A15 = 24000

Total Amount after 15 years is 24000 Rupees.