If the annual interest rate decreases from 4% to 3.75%, income of a person reduces by Tk. 60. What is his principal?

A Tk. 22,000
B Tk. 25,000
C Tk. 24,000
D Tk. 26,000

Correct Answer: Tk. 24,000

given, the annual interest rate decreases from 4% to 3.75% ATQ, (4 - 3.75)% = 60 or, 0.25% = 60 or, 100% = (60/0.25) * 100 = 24000 so, principal = 24000 tk ans: 24000 tk
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An investor has a total capital of TA. 13,00,000 He invested a part of it in 3 percent annual interest and the reminder at 4 percent annual interest rate. If his annual interest amount was Tk. 44.00 how much did he invest in each?

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