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What will Rs 500 amounts to in 10 years after its deposit in a bank which pays annual interest rate of $10 \%$ compounded annually?

Precalculus

Chapter 9

Sequences and Series

Section 3

Series

Introduction to Sequences and Series

Johns Hopkins University

Piedmont College

Harvey Mudd College

Idaho State University

Lectures

07:16

In mathematics, a continuo…

04:09

01:33

You deposit $\$ 500$ in an…

00:31

If you need $20,000$ in yo…

02:22

A bank pays $7 \%$ interes…

01:48

Suppose your friend's…

00:38

How much money must be dep…

00:57

If you put $\$ 10,000$ in …

01:59

Find the interest rate $r$…

00:45

Suppose that $\$ 1,000$ is…

01:02

Tim put $€ 2500$ into a sa…

07:33

What interest rate will en…

02:48

What sum deposited today a…

01:30

Jim put $\in 1500$ into a …

01:56

How much do you need to in…

00:48

You deposit 500 dollars in…

01:09

Assume that there are no d…

Suppose that $\$ 1000$ is …

02:11

A bank offers an interest …

01:50

How much money, invested a…

01:10

How much must one invest t…

01:40

At what annual rate compou…

Hello. We have problems. What they're doing in which questions is what will be will be 500 amounts to in 10 years. First starting with 500 amounts to 10 years. The monster in 10 years after it deposed in the banquet space and not interested about 10%. So there it is 10% compounded and willie. Okay so that is 10%. Question says after 10 years its return after 10 years. Okay so for first year uh as I. N. C. A. Are the same. So compound interest and first year will be simple interest. B. 500. Uh huh. 10 1 by 100. So this is 502. Uh 0.1. So the amount will be equal to 500 plus 500 in 20.1. If you take 500 common it will be 500 to 1.1. This is the amount after here, number one. For second year. This will be the principle. So 501 plus one plus interest on this. 502 1 plus one in two rate is 10%. So let us write 0.1 and time is one year. So if you take these to come and it will be 502 1.1 in 21.1. So 502 1.1 whole square. So we see that for a second year that it forced equal to two. This is becoming like, yeah the exponents. This was one for first year. So we can say that for 10 years the amount will be equal to 500 into 1.1 raised to the power 10 little bit. They should be done soon. Thank you so much.

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