Related Questions

A borrower pays 18% interest per year on the first Tk. 600 he borrows and 17% per year on the part of the loan in excess of Tk. 6000. How much interests will the borrower pay on a loan of Tk. 6000 for one year?
A 926
B 1020
C 1026
D 1080
If Marie has twice as much money as Curie has, who has three times as much money as Sunny as has, what is the ratio of the amount of money Sunny has to the amount of money Marie has ?
A 1 : 8
B 1 : 6
C 1 : 4
D 1 : 2
A man needs money for 120 days. He asked the banker for a loan and the banker charged Tk. 360 @ 6% per annum. What is the amount of loan?
A Tk. 15000
B Tk. 16000
C Tk. 18000
D None of these
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?
A 40 Taka
B 60 Taka
C 100 Taka
D 120 Taka
Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?
A When levels of personal retirement saving increase, consumer borrowing always increases correspondingly.
B The increased tax revenue the government would receive as a result of business expansion would not offset the loss in revenue from personal income taxes during the first year of the plan.
C Even With tax incentives,some people will choose not to increase their levels of retirement savings .
D Bankers generally will not continue to lend money to Businesses whose prospective earnings are insufficient to meet their loan repayment schedules.
Masud has twice as much money as Selim has and Selim has 50% more money than what Bashir has. If the average money with them is Tk. 110, then Masud has :
A 55
B 60
C 90
D 180
What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?
A Effective rate of interest
B Nominal rate of interest
C Compound interest
D Simple interest
The interest charged on a loan is Tk. p per Tk. 1,000 for the first month and Tk. q per Tk. 1,000 for each month after the first month. How much interest will be charged during the first three months on a loan of Tk. 10,000?
A 30p
B 30q
C 20p+10q
D 10p+20q
The interest charged on a loan is Tk. p per Tk. 1000 for the first month and Tk. q for the Tk. 1000 for each month after first month.How much interest will be charged during the first three months of a loan of Tk. 10000?
A 10p+20q
B p+2q
C 20p+10q
D 30q
'Hard Loan' refers to a loan that-
A is very difficult to obtain
B incurs an exorbitant rate of interest
C requires repayment in currency of strong economy
D cannot be repaid in installments

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