An amount of ₹8,000 is deposited in a bank that pays continuous interest at 5 % per annum

MATHEMATICS · Subjective · AP · AP Precalculus · Exponential and Logarithmic Functions · Exponential and Logarithmic Functions

Problem

An amount of ₹8,000 is deposited in a bank that pays continuous interest at 5\% per annum. Calculate the value of the investment after 4 years, correct to the nearest rupee.

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