Home
Class 11
MATHS
What will Rs 500 amounts to in 10 years ...

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

Text Solution

Verified by Experts

The correct Answer is:
Rs `500 (1.1)^(10)`
Promotional Banner

Topper's Solved these Questions

  • SEQUENCES AND SERIES

    NCERT GUJARATI|Exercise EXERCISE 9.4|10 Videos

  • SEQUENCES AND SERIES

    NCERT GUJARATI|Exercise Miscellaneous Exercise On Chapter 9|31 Videos

  • SEQUENCES AND SERIES

    NCERT GUJARATI|Exercise EXERCISE 9.2|18 Videos

  • RELATIONS AND FUNCTIONS

    NCERT GUJARATI|Exercise Miscellaneous Exercise on Chapter 2|12 Videos

  • SETS

    NCERT GUJARATI|Exercise MISCELLANEOUS EXERCISE ON CHAPTER 1|22 Videos

Similar Questions

Explore conceptually related problems

In which of the following situations, does the list of numbers involved make an arithmetic progression , and why ? The amount of money in the account every year, when Rs 10,000 is deposited at compound interest at 8% per annum.

In which of the following situations, does the list of numbers involved form an arithmetic progression, and why? The minimum taxi fare is additional km. (ii) The amount of air present in a cylinder when a vacuum pump removes of the air remaining in the cylinder at a time. (iii) The cost of digging a well, after every metre of digging, when it costs 150 for the first metre and rises by 50 for each subsequent metre. (iv) The amount of money in the account every year, when 10000 is deposited at compound interest at 8 % per annum.

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.

A trust fund has Rs. 30,000 that must be invested in two different types of bonds . The first bond pays 5% interest per year ,and the second bond pays 7% interest per year .Using matrix multiplication , determine how to divide Rs. 30,000 among the two types of bonds . If the trust fund must obtain an annual total interest of : (a) Rs 1800 (b) Rs. 2000

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) .

Find and write down structures of 10 interesting small molecular weight biomolecules. Find if there is any industry which manufactures the compounds by isolation. Find out who are the buyers.

Find and write down structures of 10 interesting small molecular weight biomolecules. Find if there is any industry which manufactures the compounds by isolation. Find out who are the buyers.

A 100 turn closely wound circular coil of radius 10 cm carries a current of 3.2 A. (a) What is the field at the centre of the coil? (b) What is the magnetic moment of this coil? The coil is placed in a vertical plane and is free to rotate about a horizontal axis which coincides with its diameter. A uniform magnetic field of 2T in the horizontal direction exists such that initially the axis of the coil is in the direction of the field. The coil rotates through an angle of 90^@ under the influence of the magnetic field. (c) What are the magnitudes of the torques on the coil in the initial and final position? (d) What is the angular speed acquired by the coil when it has rotated by 90^@ ? The moment of inertia of the coil is 0.1 kg m^2 .

Shamshad Ali buys a scooter for Rs 22000. He pays Rs 4000 cash and agrees to pay the balance in annual instalment of Rs 1000 plus 10% interest on the unpaid amount. How much will the scooter cost him?

NCERT GUJARATI-SEQUENCES AND SERIES-EXERCISE 9.3
  1. How many terms of G.P. 3, 3^2, 3^3, … are needed to give the sum 120?

    Text Solution

    |

  2. The sum of first three terms of a G.P. is 16 and the sum of the next t...

    Text Solution

    |

  3. Given a G.P. with a = 729 and 7^("th") term 64, determine S7 .

    Text Solution

    |

  4. Find a G.P. for which sum of the first two terms is – 4 and the fifth ...

    Text Solution

    |

  5. If the 4th, 10th and 16th terms of a G.P. are x, y and z, respectively...

    Text Solution

    |

  6. Find the sum to n terms of the sequence, 8, 88, 888, 8888… .

    Text Solution

    |

  7. Find the sum of the products of the corresponding terms of the sequenc...

    Text Solution

    |

  8. Show that the products of the corresponding terms of the sequences a, ...

    Text Solution

    |

  9. Find four numbers forming a geometric progression in which the third t...

    Text Solution

    |

  10. If the p^("th"), q^("th") and r^("th") terms of a G.P. are a, b and ...

    Text Solution

    |

  11. If the first and the n^("th") term of a G.P. are a and b, respectivel...

    Text Solution

    |

  12. Show that the ratio of the sum of first n terms of a G.P. to the sum o...

    Text Solution

    |

  13. If a, b, c and d are in G.P. show that (a^2+b^2+c^2)(b^2+c^2+d^2) = (a...

    Text Solution

    |

  14. Insert two numbers between 3 and 81 so that the resulting sequence is ...

    Text Solution

    |

  15. Find the value of n so that (a^(n+1)+b^(n+1))/(a^(n)+b^n) may be the ...

    Text Solution

    |

  16. The sum of two numbers is 6 times their geometric mean, show that numb...

    Text Solution

    |

  17. If A and G be A.M. and G.M., respectively between two positive numbers...

    Text Solution

    |

  18. The number of bacteria in a certain culture doubles every hour. If the...

    Text Solution

    |

  19. What will Rs 500 amounts to in 10 years after its deposit in a bank wh...

    Text Solution

    |

  20. If A.M. and G.M. of roots of a quadratic equation are 8 and 5, respect...

    Text Solution

    |