Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5
Banner 6
Banner 7
Banner 8
Banner 9

Q.

Rs. 1000 doubles after 5 years at compound interest. What amount will it becomes after 20 years?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.
An Intiative by Sri Chaitanya

a

Rs. 8000

b

Rs. 10000 

c

Rs. 16000

d

Rs. 20000

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

Detailed Solution

amount is 2 times of principal  in 5yrs  

then amount becomes  2m  times in 5×m years

          amount becomes 24 times in 5×4 years 

so, in 20 years amount is 16 times of the principal

i.e 16×1000=16000                                                                     

 

 

 

 

 

 

 

 

 

Watch 3-min video & get full concept clarity
score_test_img

courses

No courses found

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

best study material, now at your finger tips!

  • promsvg

    live classes

  • promsvg

    progress tracking

  • promsvg

    24x7 mentored guidance

  • promsvg

    study plan analysis

download the app

gplay
mentor

Download the App

gplay
whats app icon
personalised 1:1 online tutoring
Rs. 1000 doubles after 5 years at compound interest. What amount will it becomes after 20 years?