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In a bank, principal increases continuou...

In a bank, principal increases continuously at the rate of 5% per year.In how many years Rs 1000 double itself?

Text Solution

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The correct Answer is:
` t = 20 log_(e)2`
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In a bank, principal increases continuously at the rate of r% per year.Find the value of r if Rs 100 double itself in 10 years (log_(e)2 = 0.6931) .

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) .

Knowledge Check

  • Number of births per year per 1000 individual is

    A
    Demography
    B
    Natality
    C
    Mortality
    D
    Density

  • The population of a city increases at the rate 3% per year. If at time t the population of city is p, then find equation of p in time t.

    A
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    B
    `p=e^((3t)/(100))`
    C
    `p="ce"^((3t)/(100))`
    D
    `p=(3)/(100)e^(3t)`

  • How many years ago earth was originated ?

    A
    4000 million
    B
    5000 million
    C
    2000 million
    D
    3000 million

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