1. **Problem (a):** Midhil invests 1500 at 4.2% per year compound interest. Calculate the value after 5 years.
2. The compound interest formula is:
$$ A = P \left(1 + \frac{r}{100}\right)^t $$
where $A$ is the amount, $P$ is the principal, $r$ is the rate, and $t$ is time in years.
3. Substitute values: $P=1500$, $r=4.2$, $t=5$.
$$ A = 1500 \left(1 + \frac{4.2}{100}\right)^5 = 1500 \left(1 + 0.042\right)^5 = 1500 \times 1.042^5 $$
4. Calculate $1.042^5$:
$$ 1.042^5 \approx 1.228 $$
5. Calculate final amount:
$$ A = 1500 \times 1.228 = 1842 $$
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6. **Problem (b):** Hitanshi invests money at $x\%$ compound interest. After 11 years, the investment doubles.
7. Using the formula:
$$ 2P = P \left(1 + \frac{x}{100}\right)^{11} $$
Divide both sides by $P$:
$$ 2 = \left(1 + \frac{x}{100}\right)^{11} $$
8. Take the 11th root:
$$ \sqrt[11]{2} = 1 + \frac{x}{100} $$
9. Calculate $\sqrt[11]{2}$:
$$ \sqrt[11]{2} \approx 1.065 $$
10. Solve for $x$:
$$ 1.065 = 1 + \frac{x}{100} \Rightarrow \frac{x}{100} = 0.065 \Rightarrow x = 6.5 $$
**Final answers:**
- (a) $1842$
- (b) $6.5$
Compound Interest E87Cad
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