Home
Class 11
MATHS
A man deposited Rs 10000 in a bank at th...

A man deposited Rs 10000 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.

Text Solution

Verified by Experts

The correct Answer is:
Rs 17000; 20,000
Doubtnut Promotions Banner Mobile Dark
|

Similar Questions

Explore conceptually related problems

A person deposits Rs 1000 in the first month. Then every month he increases the monthly deposit by Rs 60. Use the principle of progression and calculate his total investment at the end of two years.

A sum of ₹ 20,000 is invested by honey for 2 years at an interest of 8% compunded annually.Find thecoumpound Interest(C.I) and the amount she has to pay at the end of 2 year.

In a bank, principal increases continuously at the rate of 5% per year. An amount of Rs 1000 is deposited with this bank, how much will it worth after 10 years (e^(0.5) = 1.648) .

If a person borrow Rs 15,000 for 3 years at an interest rate of 10% compunded annually.Then what will be coumpound Interest and the amount to be paid by him?

An amount Rs 500/- is deposited in a bank. If the bank pays an interest at the of 10% compound annually, how much will be the amouth in 10years?

The income of a person is Rs. 3,00,000, in the first year and he receives an increase of Rs.10,000 to his income per year for the next 19 years. Find the total amount, he received in 20 years.

Maria invested ₹8,000 in a business.She would be paid interest at 5% per annum compounded annually.Find:(i)The amount credited against her name at the end of the second year. (ii)The interest for the third year.

Kamala borrowed ₹26,400 from a Bank to buy a scotter at a rate of 15% p.a compunded yearly.What amount will she pay at the end of 2 years and 4 months to clear the loan?

What will Rs 500 amounts to in 10 years after its deposit in a bank which pays annual interest rate of 10% compounded annually?

Mohan deposits Rs2,000 in his bank account and withdraws Rs1,642 from it the next day. If withdrawl of amount from the account is represented by a nagative integer, then how will you represent the amount deposited? Find the balance in Mohan's account after the withdrawal.