Mohona deposits Tk 10,000 into a savings account that pays interest at an annual rate of 8%, compounded quarterly. After 6 months, how much interest has Mohona earned?

A Tk 200
B Tk 240
C Tk 404
D Tk 560

Correct Answer: Tk 404

C = P ( 1 + r/t) nt = 10000 ( 1 + 0.08/4) 1/2 ×4 = 10404 Interest = C - P = 10404 - 10000 = 404 Tk
Bissoy MCQ
#গণিত #সরল ও যৌগিক মুনাফা  (Simple & Compound interest) #Exim Bank Ltd #Exim Bank Ltd - Officer - 27.06.2014

Related Questions

Mohona deposits Tk. 10,000 into a savings account that pays interest at an annual rate of 8%, compounded quarterly. After 6 months, how much interest has Mohona earned?
A Tk. 200
B Tk. 240
C Tk. 404
D Tk. 560
Mohona deposits Tk 10,000 into a sacings account that pays interest at an annual rate of 8% compounded quarterly. After 6 months, how much interest has Mohona earned?
A Tk 200
B Tk 240
C Tk 404
D Tk 560
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
Five years ago, Tk. 1,200 was deposited into a savings account paying 4.5% interest. Today, the balance in the account is Tk. 1,495. If interest paid on the account was compounded annually, how much interest on interest was earned?
A Tk 25.00
B Tk. 93.10
C Tk. 102.39
D Tk. 130.28
Tk. 500 is deposited in a savings account which pays 7% annual interest compounded semi -annually. To the nearest Taka, how much is in the account at the end of the year?
A 542
B 536
C 512
D 524
Consider the following table named 'account' . What is the correct SQL to get all the account information of 'Motijheel' branch. Account ID 10001 10002 10003 Account Holder Md. Humaun Kabir Ruhul Amin Aminul Hossain Account type Savings Savings Business Branch Motijheel Uttara Motijheel
A SELECT * FROM account
B SELECT * FROM Account WHERE Branch =Motijheel
C SELECT * FROM account WHERE Branch = Motijheel
D SELECT ALL FROM Account WHERE Branch = Motijheel
Tk.5000 is deposited in a savings account which pays 7% annual interest compounded semi-anually. To the nearest tk how much is at the end of the year?
A 5423
B 5356
C 5122
D 5247
If interest on a savings account is paid monthly at an annual rate of 614percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account?
A 36
B 24
C 18
D 16
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
The difference between a bank's rate of interest on lending to its prime customers and the rate of interest that it pays to others on borrowings (demand, time or savings deposits) is called
A profit rate
B margin rate
C income rate
D interest spread

Next steps