A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is :

A Tk. 120
B Tk. 123
C Tk. 122
D Tk. 121

Correct Answer: Tk. 120

Hints: C1 = 1600(1 + 1.5)5 = 1639.51 C2 = (1639.51 + 1600) (1 + .05)5 = 3319.51 The Amount gained = 3319.51 - 2 × 1600 = 119.51 = TK 120
Bissoy MCQ
#গণিত #সরল ও যৌগিক মুনাফা  (Simple & Compound interest) #Janata Bank Ltd #Janata Bank Ltd - Executive Officer - 27.7.2012

Related Questions

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Tk. 1600 each on 1st July of a year. At the end of the year, how much he would have gained as interest?
A Tk 121
B Tk 123
C Tk 160
D Tk 240
A bank offers 5% inerest compounded half yearly. A customer deposits Tk. 1600 each on 1 st January and 1st July of a year. At the end of the year, the amount he would have gained by the way of interest is
A Tk. 121
B Tk. 122
C Tk. 123
D Tk. 124
a bank offers 5% interst compounded half yearly . A customer deposit tk.1600 each on 1st july of a year . At the end of the year , the amount he would have gained by the way of interest is :
A tk.121
B tk.122
C tk.123
D tk.124
On fixed deposits, Bank X offers an interest of 13.5% per year and Bank Y offers 14.00% per annum. Arianna kept taka one million with Bank X for a year and Tatiana kept the same amount in Bank Y also for a year? How much did Arianna lose at the end of the year in taka?
A 5,000
B 6,000
C 4,500
D 5,500
A man deposits certain amount in his bank account. After a few days. he withdraws half of the money deposited and deposits Tk. 500 more. If he has a balance of Tk. 2000 in his bank account, find the amount deposited initially.
A Tk. 1500
B Tk. 2000
C Tk. 2500
D Tk. 3000
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
A man deposits TK. 600 in a Bank at 10% interest rate compounded annually . At the end of the second year, what will be the total amount including interest ?
A 660
B 720
C 726
D 626
A man deposits Tk 600 in a Bank at 10% interest rate compounded annually, At the end of the second year, the total amount including interest will become Tk-
A 660
B 720
C 160
D 726
Saif deposits Tk. 300 in a Bank at 10% interest rate compounded annually. At the end of the second year, the total amount including interest will become Tk.
A 660
B 6363
C 160
D 726
A man deposits Tk. 600 in a Bank at 10% interest rate compounded annually. At the end of the second year , the total amount including interest will become TK.
A 660
B 720
C 160
D 726

Next steps