Annie invested a certain sum of money in a bank that paid simple interest. The amount grew to Tk 240 at the end of 2 years. She waited for another 3 years and got a final amount of Tk 300. What was the principal amount that she invested at the beginning?

Annie invested a certain sum of money in a bank that paid simple interest. The amount grew to Tk 240 at the end of 2 years. She waited for another 3 years and got a final amount of Tk 300. What was the principal amount that she invested at the beginning? Correct Answer 200

আসল + 5 বছরের মুনাফা = 300 আসল + 2 ,, ,, = 240 [( - ) করে ] ∴ 3 বছরের মুনাফা = 60 ∴ 2 ,, ,, = 60×23 = 40 ∴ Principal = 240 - 40 = 200 টাকা

Related Questions

The following question have three statements. Study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. Suman borrowed some amount of money at compound interest for 3 years. Find the amount to be paid by her after 3 years. Statement I: Simple interest on the same sum at the same rate of interest in 5 years will be 1/4th of the principal. Statement II: The simple interest on the sum after 6 years will be Rs. 12000. Statement III: The sum borrowed is 5 times the simple interest of 4 years.