(iv) The amount of money in the account every year, when * 10000 is deposited at
compound interest at 8 % per annum.
Write first four terms of the AP when the first term a and the common difference d are
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Given Amount =Rs 10,000
interest =8%
Total amount =P(1+r)
n
P is principle amount
r is the rate of interest
n is no of year
Compound interest increases depend on principle
Next year interest is interest on before year total
=10000(1+0.08)
n
At the end of the first year, =1000(1.08)=10800/−
Every year the amount increases at 1.08 times
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