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Q.A man deposited ₹10,000\textrm{\text{₹}} 10{,}000 in a bank at the rate of 5% simple interest annually. Find the amount in 15th15^{th} year since he deposited the amount and also calculate the total amount after 20 years.

Andhra Pradesh BieapBIEAP Intermediate Board (1st Year) 2026Subjective· 8mImportance★★★★★
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Annual interest =₹500=\textrm{\text{₹}}500, so amount after nn years =10000+500n=10000+500n; gives 17,50017{,}500 at 1515 years and 20,00020{,}000 at 2020 years.

Principal P=₹10,000P=\textrm{\text{₹}}10{,}000 at 5%5\% simple interest per year gives a fixed yearly interest

I=10000×5100=₹500.I=\frac{10000\times5}{100}=\textrm{\text{₹}}500.

Hence the amount at the end of nn years is An=10000+500nA_n=10000+500n, which is an A.P. with first amount 1050010500 (after year 1) and common difference 500500.

Amount at the end of the 15th15^{th} year: …

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