All Exams  >   Commerce  >   Mathematics (Maths) Class 11  >   All Questions

All questions of CBSE New Pattern: Term I Practice Questions for Commerce Exam

1 Crore+ students have signed up on EduRev. Have you? Download the App

A man deposited ₹10000 in a bank at the rate of 5% simple interest annually.
Q. What is the amount paid by him after 15th year?
  • a)
    ₹17000
  • b)
    ₹20000
  • c)
    ₹15000
  • d)
    ₹21000
Correct answer is option 'A'. Can you explain this answer?

Neha Sharma answered
The amount in the account of a man in the first, second and third year are ₹ 10000, ₹10500, ₹11000, ……
It is an A.P., where a = 10000 and d = 500
Amount in 15th yr = T15
a + 14d
= 10000 + 14 × 500
= 10000 + 7000 = ₹17000

Chapter doubts & questions for CBSE New Pattern: Term I Practice Questions - Mathematics (Maths) Class 11 2024 is part of Commerce exam preparation. The chapters have been prepared according to the Commerce exam syllabus. The Chapter doubts & questions, notes, tests & MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests here.

Chapter doubts & questions of CBSE New Pattern: Term I Practice Questions - Mathematics (Maths) Class 11 in English & Hindi are available as part of Commerce exam. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Top Courses Commerce

Signup to see your scores go up within 7 days!

Study with 1000+ FREE Docs, Videos & Tests
10M+ students study on EduRev