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Q.

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 e12=1.648·

 

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a

1648

b

164.8

c

16480

d

3296

answer is A.

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Detailed Solution

dpdt=5100 P 20·dpP=dt 20 ln P=t+c P=et20+k at t=0 P=1000 1000=ek at  t=100 P=e12+k=e0.5·ek G.T  e0.5=1.648 P=1.648×1000=1648

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