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# In a Bank, Principal Increases Continuously at the Rate of 5% per Year. an Amount of Rs 1000 is Deposited with this Bank, How Much Will It Worth After 10 Years - CBSE (Science) Class 12 - Mathematics

ConceptMethods of Solving First Order, First Degree Differential Equations Differential Equations with Variables Separable

#### Question

In a bank, principal increases continuously at the rate of 5% per year. An amount of Rs 1000 is deposited with this bank, how much will it worth after 10 years (e0.5 = 1.648)..

#### Solution

Let p and t be the principal and time respectively.

It is given that the principal increases continuously at the rate of 5% per year.

Hence, after 10 years the amount will worth Rs 1648.

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#### APPEARS IN

NCERT Solution for Mathematics Textbook for Class 12 (2018 to Current)
Chapter 9: Differential Equations
Q: 21 | Page no. 397
Solution In a Bank, Principal Increases Continuously at the Rate of 5% per Year. an Amount of Rs 1000 is Deposited with this Bank, How Much Will It Worth After 10 Years Concept: Methods of Solving First Order, First Degree Differential Equations - Differential Equations with Variables Separable.
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