Mrs. Rajni deposited Rs. 10,0000 in a bank that pays $4 \%$ interest compounded continuously then the amount she gets after 10 years is Rs. approximately. (given $e^{(0.4)}=1.49182$ )

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Aicharya · Accepted Answer

$\begin{aligned} & \because A=P\left(1+\frac{R}{100}ight) \ & \Rightarrow A=10000\left(1+\frac{4}{100}ight)^{10}=10000 	imes e^{\frac{4}{100} 	imes 10} \ & \Rightarrow A=10000 	imes e^{0.4}=14918 \quad\left[\because \lim _{x ightarrow 0}(1+x)^{\frac{1}{x}}=eight]\end{aligned}$

Mrs. Rajni deposited Rs. 10,0000 in a bank that pays $4 \%$ interest compounded continuously then the amount…

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