In a bank , principal increases continuously at the rate of 5% per year . In how many years Rs 1000 double itself
Anonymous:
In which book it is
I dont know it is in my daily practice papers
Just come randomly
No reply inbox?
It was in 11
OK
Answers
Answered by
0
The problem appears to be that of compound interest.
A = P (1 + r/100)^n
A = Amount of n years, P = principal, r= rate of interest
2P= P (1 + 5/100)^n
2 = 1.05^n
Log 2 = n * Log 1.05
n = 14.2 years
=================
For the case of simple interest:
interest = P * r* n/100
For doubling principal, interest = principal
So r*n = 100 => n = 100/5 = 20 years
A = P (1 + r/100)^n
A = Amount of n years, P = principal, r= rate of interest
2P= P (1 + 5/100)^n
2 = 1.05^n
Log 2 = n * Log 1.05
n = 14.2 years
=================
For the case of simple interest:
interest = P * r* n/100
For doubling principal, interest = principal
So r*n = 100 => n = 100/5 = 20 years
no..ans i 2yrs
See the photo of rakshwa
And is 2000
U r wrong
And is 20log2
How cm its certified answer?
Yup his and is incorrect
Wts happening in this site..wrong ans and certified..crrct not?
His ans is incorrect
Yeah..leave it now..u got crrct ans na..
Answered by
0
Heres the answer gopal
Hope u like it
Hope u like it
Attachments:
Best answer help me a lot thnku
Tqsm
For marking my ans as best
Np
Actually i thought of writing it up..but then thought of sending pic
Yeah but ur and is good rakshaw
Tq
Similar questions