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MHT CET202210 Aug 2022Evening ShiftMathematicsLimitsActual

Mrs. Rajni deposited Rs. 10,0000 in a bank that pays 4 % interest compounded continuously then the amount she gets after 10 years is Rs. approximately. (given e^ (0.4) =1.49182 )

Options

  1. A15150
  2. B16000
  3. C14918
  4. D13000

Correct answer

C. 14918

Step-by-step solution

aligned & A=P (1+ R 100 ) & A=10000 (1+ 4 100 )¹⁰=10000 e^ 4 100 10 & A=10000 e^ 0.4 =14918 [ _ x 0 (1+x)^ 1 x =e ] aligned

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