The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Tk. 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years?
The simple interest on a certain sum of money at the rate of 5% p.a. for 8 years is Tk. 840. At what rate of interest the same amount of interest can be received on the same sum after 5 years? Correct Answer 8%
"প্রথম ক্ষেত্রে, 840 = P × 8 × 5100 [ ∵ I = pnr] বা, P = 840 × 1008 × 4 = 105 × 20 ∴ P = 2100 অর্থাৎ আসল 2100 টাকা দ্বিতীয় ক্ষেত্রে, 840 = 2100 × 5 × r ⇒ r = 8402100 × 5 × 100% = 8%