Ex-5.1 (1) (iv) The amount of money in the account every year, when ₹ 10000 is deposited at compound interest at 8 % per annum.
The amount of money in the account every year, when ₹ 10000 is deposited at compound interest at 8 % per annum.
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Solution:
⇒Amount deposited, P = ₹ 10000
⇒Interest rate , R = 8 % pa
⇒T = Time
⇒Compound Interest for T = 1 Year
⇒We know, Compound Interest
⇒Compound Interest for T = 2 Years
⇒Compound Interest for T = 3 Years
⇒As i.e. difference is not same so its not in AP.