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A man deposited Rs 10000 in a bank at...

A man deposited Rs 10000 in a bank at the rate of 5% simple interest annually. Find the amount in `15^(t h)` year since he deposited the amount and also calculate the total amount after 20 years.

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A man deposited Rs10000 in a bank at the rate of 5% simple interest annually.Find the amount in 15^(th) year since he deposited the amount and also calculate the total amount after 20 years.

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Knowledge Check

  • A man borrows Rs. 4000 and pays back after 5 years at 15% simple interest. The amount paid by the man is :

    A
    Rs. 1800
    B
    Rs. 4800
    C
    Rs. 7500
    D
    Rs. 7000

  • Read the following question from the Class VI text-book "Prabal deposited Rs.5000 in a bank at the rate of 5% interest per annum. After 2yr, he withdrew the money to purchase the study table for Rs.3500. He deposited the money left with him again at the rate of 5% interest per annum for another two years. How much amount will he receive after two years?" What values can be inculcated in students through this question?

    A
    Honesty
    B
    Habit of saving money and spending it wisely
    C
    Sincerity
    D
    Simplicity and helping others

  • Read the following question from the Class VI text-book "Prabal deposited Rs. 5000 in a bank at the rate of 5% interest per annum. After 2 yr, he withdrew the money to purchase the study table for Rs. 3500. He deposited the money left with him again at the rate of 5% interest per annum for another two years. How much amount will he receive after two years?" What values can be inculcated in students through this question?

    A
    Honesty
    B
    Habit of saving money and spending it wisely
    C
    Sincerity
    D
    Simplicity and helping others

    • Similar Questions

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    A sum of Rs 10000 was deposited in a bank that offer 20% annual compound interest. What will the amount be in the bank after 2 year?

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    Read the following question from the class VI text book: “Prabal deposited Rs. 5,000 in a bank at the rate of 5% interest per annum. After 2 years he withdrew the money to purchase the study table for Rs. 3,500. He deposited the money left with him again at the rate of 5% interest per annum for another two years. How much amount will he receive after two years?" What values can be inculcated in students through this question?

    A man deposited ₹ 6000 in a bank at 5% simple interest. Another man deposited 5000 at 8% compound interest. After 2 years, the difference of their interests will be

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