Related Questions

What will be the difference between simple and compound interest at 10% per annum on a sum of Tk.1000 after 4years?
A Tk.31
B Tk. 32.10
C Tk. 40.40
D Tk. 64.10
Reena took a loan of Tk. 1200 with simple interest for as many years as the rate of interest. If she paid Tk. 432 as interest at the end of the loan period, what was the rate of interest?
A 3.6
B 6
C 18
D None of these
Hasib took a loan of 1400 tk with simple interest for as many years as the rate of interest. If he paid 126 th as interest at the end of the loan period , what was the rate of interest?
A 3%
B 6%
C 9%
D 12%
Five years ago, Tk. 1,200 was deposited into a savings account paying 4.5% interest. Today, the balance in the account is Tk. 1,495. If interest paid on the account was compounded annually, how much interest on interest was earned?
A Tk 25.00
B Tk. 93.10
C Tk. 102.39
D Tk. 130.28
An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes---
A 10%
B 10.25%
C 10.75%
D 11%
Kalam has invested a part of 10,000 Taka in an account that pays 6% simple interest rate each year and rest of the money in another account that pays 8% simple interest per year. If he has invested the money for 18 months and he has invested the money for 18 months and he earns a total of 1,020 Taka as interest, what is the difference in the amount of the interest earned on both the accounts?
A 40 Taka
B 60 Taka
C 100 Taka
D 120 Taka
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of Interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
A 3.6
B 6
C 18
D cannot be determined
The amount of simple interest during 'n' interest period is (where, i = interest rate based on the length of one interest period, p = principal)
A P.i.n.
B P(1 + i.n)
C P(1 + i)n
D P(1 - i.n)
Arman wanted to have Tk. 39,200 as interest after 5 years. He has invested an amount in an account for 1 year at 8% interest rate. From the 2nd year, he invested the principal amount in another account offering 10% interest for 3 years. At the beginning of the fifth year he invested the Principal amount in another account at the rate of 11%. What was the principal amount? (assume simple interest rate)
A Tk. 50,000
B Tk. 80,000
C Tk. 70,000
D Tk. 90,000
E None of them
How much interest will Tk. 2,000 earn at an annual interest rate of 8% in one year, if the interest is compounded every six months?
A 160.00
B 163.20
C 249.73
D 332.80

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