A person has deposited rs 25000 in an invest ment which yields 14% simple interest annually. Do these amounts (principal+inetrest) form an ap ? If so ,determine the amount of investment after 20 years
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total amount = p(1+r*t/100)
= 25000* (1 + 14*20/100)
=25000* (1+14/5)
=25000 * (19/5)
= 95000 rs.
The amount after 20 years will be ₹95000.
Hope it helps :)
= 25000* (1 + 14*20/100)
=25000* (1+14/5)
=25000 * (19/5)
= 95000 rs.
The amount after 20 years will be ₹95000.
Hope it helps :)
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