Question -
Answer -
Let p and t bethe principal and time respectively.
Itis given that the principal increases continuously at the rate of 5% per year.
Integratingboth sides, we get:
Now, when t = 0, p =1000.
⇒ 1000 = eC … (2)
At t = 10, equation (1)becomes:
Hence,after 10 years the amount will worth Rs 1648.