AP EAMCET202021 Sep 2020Morning ShiftMathematicsApplication of DerivativesActual
In a bank, the principal increases continuously at the rate of (6 % ) per year. Then the time required to double (₹ 6000 ) rupees is (in years)
Options
- A( 50 3 2 )
- B( 50 3 6 )
- C( 50 3 3 )
- D( 50 3 12 )
Correct answer
A. ( 50 3 2 )
Step-by-step solution
According to given information, let the principal (P=₹ 6000 ) getting double in time ' (t ) ' with rate of (6 % ) per year, so ( d P d t = 6 100 P ₆₀₀₀¹²⁰⁰⁰ d p P = 3 50 ₀^t d t ) ( array ll & [ P]₆₀₀₀¹²⁰⁰⁰= 3 50 t & 12000- 6000= 3 50 t & 2= 3 50 t t= 50 3 2 array ) Hence, option (a) is correct.