104. A man deposited Rs 10000 in a bank at the rate of 5% simple interest annually. Find the amount in 15th year since he deposited the amount and also calculate the total amount after 20 years.

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9 months ago

104. Given,

Principal amount =? 10000

Amount at end of 1 year =?   (10000+10000+5*1100)

=? (10000 + 500)

=? 10500 {Amount paid = principal + S.I. in a year}

S.I=Principal*rate*time100

Amount at end of 2nd year

=?   (10000+10000*5*2100) {Principal*rate*time100}

=? (10000 + 1000)10500 + 500

=? 11000

Amount at end of 3rd year

=?   (10000+10000*5*3100)

=? (1000 + 1500)

=? 11500

So, amount at end of 1st, 2nd, 3rd ………, nth

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