If the interest on Taka 500 for 4 years and Taka 600 for 5 years is Taka 500; what will be the rate of interest?

If the interest on Taka 500 for 4 years and Taka 600 for 5 years is Taka 500; what will be the rate of interest? Correct Answer 10%

We know,  Interest,  I = P n r Now,  500×4×r + 600×5×r = 500 or,  2000r + 3000r = 500 or,  5000r = 500 or,  r = 500/5000×100% = 10%
Bissoy MCQ

Related Questions

Ratan and Moinul have started a business investing taka 2.5 million and 3.5 million respectively. After 4 months Ratan gave in 5 lakh taka more while Moinul withdrew 5 lakh taka. If the year ending profit is 12.92 million taka what will be the profit share of Moinul in million taka?
Given figures showing : Sales Taka 8,200, Opening inventory Taka 1,300, Closing inventory Taka 900, Purchases Taka 6+,400, Carriage inwards Taka 200, the cost of goods sold figure is :
A man purchased equal number of banans at two different rates one at the rate of 8 taka per dozen and the other at the rate of 10 taka per dozen. After that , he sold those bananas at an average rate of 11 taka per dozen and thus made a profit of 100 taka. How many dozens of banana did he purchase altogether?
Bank X pays a simple interest of TaKa 80 on principal o taka 1,000 annually . Bank y pays a simple interest of TaKa 140 on a principal of Taka 1000 annually . What is the ratio of the interest rates of Bank x to Bank y ?
The exchange rate is the ruling official rate of exchange of Taka for other currencies. It determines the value of Bangladeshi goods in relation to foreign foods. If the Taka is devalued in terms other currencies Bangladeshi exports (which are paid for in Taka ) become cheaper to foreigners and Bangladeshi imports become more expensive to holders of Taka. What conclusion can be drawn form the information above?
A company owns some land and buildings for which the following details are relevant : Cost of land Taka 50,000; cost of building Taka 100,000, estimated life of building 20 years, estimated residual value of building Taka 2000; estimated residual value of land Taka 50,000. The company uses the straight line depreciation method. Which is the correct annual depreciation charge for this asset?
The price of each mango is 65 taka and the price of each guava is 45 taka. Aslam buys total to mangoes and guavas at an average price of 56 taka. How many mangoes must Aslam put back and replace with guavas so that the average price of the pieces of fruit that he keeps is 52 taka?
If taka 45000 was invested in a share when the price per share was taka 90 and taka 3000 was invested when the price per share was taka 60, what was the average price per share purchased?
At a photocopy center , the first 10 copies cost x taka each. Each of the next 50 copies costs 2 taka less per copy . From the 61 st copy on, the cost 1 Taka per copy, In terms of x how much does it cost in. Taka to have 200 copies made/
If 8 dozens of bananas are purchased at the rate of Taka 30 per dozen and 12 dozens are purchased at Taka 25 per dozen, what rate per dozen it should be sold to make a profit of Taka 3 per dozen?