(iv) The amount of money in the account every year, when 10000 is depo

1.	(iv) The amount of money in the account every year, when 10000 is deposited atcompound interest at 8% per annum.
Answer» Answer: GIVEN Amount =Rs 10,000 interest =8% Total amount =P(1+r) n P is principle amount r is the rate of interest n is no of YEAR Compound interest increases DEPEND on principle Next year interest is interest on before year total =10000(1+0.08) n At the END of the first year, =1000(1.08)=10800/− Every year the amount increases at 1.08 times

(iv) The amount of money in the account every year, when 10000 is deposited atcompound interest at 8% per annum.

Answer»

Answer:

GIVEN Amount =Rs 10,000

interest =8%

Total amount =P(1+r)

P is principle amount

r is the rate of interest

n is no of YEAR

Compound interest increases DEPEND on principle

Next year interest is interest on before year total

=10000(1+0.08)

At the END of the first year, =1000(1.08)=10800/−

Every year the amount increases at 1.08 times