The Question is in NCERT of Class 10th on Page no. 99 Ex. 5.1 Question number 1 (iv). Find whether the following question is an Arithmetic Progression or Not? Also give the sloution.
Deepak BoraNewbie
The amount of money in the account every year, when Rs 10000 is deposited at compound interest at 8% per annum. Find wether it is A.P or not.
Share
Solution:
r= 8%
p= 10000
n= No. of Years
Compound Interest = P(1+r/100)n
∴ after each year, the amount will be;
10000(1+8/100), 10000(1+8/100)2, 10000(1+8/100)3……
Clearly, in this series the common difference between them is not equal. This is not an A.P.