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?

A 10%
B 12%
C 13%
D 14%

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
#গণিত #সরল ও যৌগিক মুনাফা  (Simple & Compound interest) #Bangladesh House Building Finance Corporation (BHBFC) #Bangladesh House Building Finance Corporation - Senior Officer - 29.07.2011

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