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  • 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.

30.  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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Given : A man deposited Rs 10000 in a bank at the rate of 5% simple interest annually.

          =\frac{5}{100}\times 10000=Rs.500

 \therefore  Interest in fifteen year 10000+ 14 times Rs. 500

\therefore Amount in 15 th year =Rs. 10000+14\times 500

                                  =Rs. 10000+7000

                                  =Rs. 17000

\therefore Amount in 20 th year =Rs. 10000+20\times 500

                                  =Rs. 10000+10000

                                  =Rs. 20000

Posted by

seema garhwal

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