A sum of ₹ 12,000 deposited at compound inter | vedclass

Name: PDF Generator App | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(d) $A=P\left(1+\frac{R}{100}\right)^{T}$

$\Rightarrow \frac{A}{P}=\left(1+\frac{R}{100}\right)^{T}$

$\Rightarrow \quad 2=\left(1+\frac{R}{100}\

Vedclass · Accepted Answer

$192000$

Vedclass · Answer

(d) $A=P\left(1+\frac{R}{100}ight)^{T}$

$\Rightarrow \frac{A}{P}=\left(1+\frac{R}{100}ight)^{T}$

$\Rightarrow \quad 2=\left(1+\frac{R}{100}ight)^{5}$

$\Rightarrow 2^{4}=\left(1+\frac{R}{100}ight)^{20}$

$\Rightarrow 16=\left(1+\frac{R}{100}ight)^{20}$

Hence, the principal will become 16 times in 20 years. $=₹(16 	imes 12000)$

$=₹ 1,92,000$

A sum of ₹ $12,000$ deposited at compound interest becomes double after $5$ years. After $20$ years, it will become (In ₹)

Similar Questions

The $S.I.$ is $Rs. 7200$ on $12$ $p.c.p.a.$ for $6$ years on a sum. What is $C.I.$ (In $Rs.$) on $5$ $p.c.p.a$ for $2$ years?

A sum of money at compound interest amounts to thrice itself in $3$ years. In how many years will it be $9$ times itself?

If the compound interest on a certain sum for $2$ $years$ at $3 \%$ per annum is $Rs. 101.50$ , then the simple interest (In $Rs.$) on the same sum at the same rate and for the same time will be

If the compound interest on a certain sum for $2$ years is ₹ $60.60$ and the simple interest is ₹ $60$, then the rate of interest per annum (In $\%$) is