MHT CET · Maths · Differential Equations
The principal increases continuously in a newly opened bank at the rate of \(10 \%\) per year. An amount of Rs. 2000 is deposited with this bank. How much will it become after 5 years? \(\left(e^{0.5}=1.648\right)\)
- A \(3926\)
- B \(3296\)
- C \(3692\)
- D \(3269\)
Answer & Solution
Correct Answer
(B) \(3296\)
Step-by-step Solution
Detailed explanation
\(A = P e^{rt}\) \(A = 2000 e^{(0.10 \times 5)}\)
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