If simple interest on a certain sum of money is Tk. 256 and the rate of interest per annum equals the number of years,then the rate of interest is--

A 13%
B 14%
C 16%
D 18%

Correct Answer: 16%

"Let, interest rate = x% So, number of year x 100 Tk. 1 years = x Tk. Interest ∴ 100 Tk. X years interedt = x × x = x2Tk. According to the question,x2 = 256∴x = 16
Bissoy MCQ
#গণিত #সরল ও যৌগিক মুনাফা  (Simple & Compound interest) #Al-Arafah Islami Bank Limited #Al-Arafah Islami Bank Ltd - Officer - 2013

Related Questions

If simple interest on a certain sum of money is Tk. 256 and the rate of interest per annum equals the number of years, then the rate of interest is :
A 13%
B 14%
C 16%
D 18%
The simple interest on a certain sum of money for 2 1/2 years at 12% per annum is TK. 40 less than the simple interest on the same interest on the same sum for 3 1/2 years at 10% per annum. Find the sum.
A TK. 700
B TK. 800
C TK. 900
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The simple interest on a certain sum of money at 4 percent per annum for 4 years is Tk. 87.5 more than interest on the same sum for 3 years at 5 percent per annum . Find the sum of money.
A Tk. 6,700
B Tk, 7, 500
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The simple interest on a certain sum of money at 4 percent per annum for 4 years is TK. 87.5 more than interest on the same sum for 3 years at 5 percent per annum. Find the sum of money.
A TK. 6,700
B TK. 7,500
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The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in percentage) of interest per annum?
A 4
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C 8
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A sum of Rs 8000 is divided into two parts. The simple interest on first part at the rate of 21% per annum is equal to the simple interest on second part at the rate of 35% per annum. What is the interest (in Rs) of each part?
A 1050
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The compound interest on a certain sum for 2 years at 10% per annum is Tk. 525. The simple interest on the same sum for double the time at half the rate percent per annum is :
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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?
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The compound interest on a certain sum of money for 2 years at 10% per annum is TK. 420 . The simple interest on the same sum at the same rate and for same time will be?
A Tk. 350
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C Tk. 380
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Simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 5250. What will be the compound interest on that sum at the same rate for the same period?
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B Rs. 5516.88
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