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AP EAMCET · Maths · Application of Derivatives

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)

  1. A \(\frac{50}{3} \log 2\)
  2. B \(\frac{50}{3} \log 6\)
  3. C \(\frac{50}{3} \log 3\)
  4. D \(\frac{50}{3} \log 12\)
Verified Solution

Answer & Solution

Correct Answer

(A) \(\frac{50}{3} \log 2\)

Step-by-step Solution

Detailed explanation

According to given information, let the principal \(P=₹ 6000\) getting double in time ' \(t\) ' with rate of \(6 \%\) per year, so \(\frac{d P}{d t}=\frac{6}{100} P \Rightarrow \int_{6000}^{12000} \frac{d p}{P}=\frac{3}{50} \int_0^t d t\)…