Q. 165.0( 1 Vote )

# A person has deposited ₹25,000 in an investment which yields 14% simple interest annually. Do these amounts (principal + interest) form an A.P.? If so, determine the amount of investment after 20 years.

Yes, the amounts form an A.P.

Given principal, p = Rs. 25,000

Simple Interest, r = 14%

Time, t = 20 years

We know that Total amount = p (1 + )

Total Amount = 25000 (1 + )

= 25000 (1 + )

= 25000 ()

= 95000

Amount of investment after 20 years = Rs. 95, 000

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