Fill in the blanks:
(i)
(ii) (Amount) - (Principal) = ……….
(iii) If the value of a machine is Rs. P and it depreciates at R% per annum, then its value after 2 years is
(iv) If the population P of a town increases at R% per annum, then its population after 5 years is ………..
(i) R
Amount (A) = P (1 + R/100)n [Where, A = Amount with compound interest
P = Present value
R = Annual interest rate
n = Time in years]
(ii) Compound interest
Amount (A) = P (1 + R/100)n
And Compound interest = P (1 + R/100)n - P
(iii) Rs.
∵ Rate decreases.
∴ Value = P (1 - R/100)n
Present value of machine = Rs.P
Interest rate = R% per annum
Time, n = 2
∴ Value = Rs.
(iv)
Present population of a town = P
Increases rate = R% per annum
Time, n = 5 years
∴ Population = P (1 + R/100)n [Where,
P = Present value
R = Annual interest rate
n = Time in years]
∴ Population after 5 years =