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An account fetches interest at the rate of 5% per annum compounded continuously. An individual deposits ₹ 1,000 each year in his account. How much will be in the account after 5 years. (e0.25 = 1.284 - Business Mathematics and Statistics

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प्रश्न

An account fetches interest at the rate of 5% per annum compounded continuously. An individual deposits ₹ 1,000 each year in his account. How much will be in the account after 5 years. (e0.25 = 1.284)

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उत्तर

P = 1000

r  `5/1000` = 0.05

N = 5

Annunity = `int_0^5 1000 "e"^(0.05"t")  "dt"`

= `1000 ["e"^(0.05"t")/0.05]_0^5`

= `1000/0.0 ["e"^((0.05)(5))- "e"^0]`

= 20000 [e0.25 – 1]

= 20000 [1.284 – 1]

= 20000 [0.284]

= ₹ 5680

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Application of Integration in Economics and Commerce
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Integral Calculus – 2 - Exercise 3.2 [पृष्ठ ७२]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 12 TN Board
पाठ 3 Integral Calculus – 2
Exercise 3.2 | Q 5 | पृष्ठ ७२
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