Math, asked by supriya39, 1 year ago

An amount RS 500 is deposited in a bank which pays annual interest at the rate of 10% compounded annually. What will be the value of this deposit at the end of 10th year?

Answers

Answered by mannishh

ci=500(1+10/100)^10
ci=1296.87
amount=500+1296.87
amount=1796.87

mannishh: ease mark me as a brainlist

supriya39: wrong answer

supriya39: it's not correct

mannishh: behn answee yehi hai mer se achi math pure school main kisi ki nhi hain

supriya39: i don't know hindi

mannishh: in our whole school no one have good .ath than me

supriya39: ok

supriya39: i know correct answer. But i need a correct explanation then only i ask it but you say wrong answer so i told it but i need a correction explanation and answer it's a important 5 mark question

Answered by MonarkSinghD

Hi friends
Here is your answer

P = Rs 500
R = 10%
T = 10 years
n= 10 as Compounded annually

As we know
A = P(1+ R/100)^n
$= 500 \times (1 + \frac{10}{100} ) {}^{10} \\ \\ = 500 \times ( \frac{10 + 1}{100} ) {}^{10} \\ \\ = 500 \times ( \frac{11}{10} ) {}^{10} \\ \\ = \frac{500 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11 \times 11}{10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10 \times 10} \\ \\ = 1296.87$
So Amount after 10 years is Rs 1,296.87

Hope it helps you

@ MSD

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