Related Questions

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
In the following sentence the word principal' occurs three times "The principal (1) aim of the principal (2) of the college was to help build new roads to link the area's principal (3)schools" Indicate the use(s) in which the meaning of the word “Principal is ‘chief or main',
A Use (1)
B Use(2)
C Use (3)
D Both (1) & (3)
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
Bank X pays a simple interest of TaKa 80 on principal o taka 1,000 annually . Bank y pays a simple interest of TaKa 140 on a principal of Taka 1000 annually . What is the ratio of the interest rates of Bank x to Bank y ?
A 4:7
B 6:8
C 9:18
D 2:7
What is the difference between the amount of interest eamed on a principal of Tk. 100 for 2 years at 10% simple interest rate and 10% compounding interest rate?
A Tk. 121
B Tk. 120
C Tk. 2
D Tk. 1
Mr.khan invested an amount of TK. 13,900 divided into two different schemes A and B at a simple interest rate of 14% per annum and 11% per annum respectively. If the total amount of simple interest earned in 2 years be Tk. 3,508, what was the amount invested in Scheme B?
A TK. 6400
B TK. 6500
C TK. 7200
D TK. 7500
Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A Rs. 6400
B Rs. 6500
C Rs. 7200
D Rs. 7500
E None of these
A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Tk. 5400 interest only for period. The principal amount borrowed by him was:
A Tk. 20,000
B Tk. 200
C Tk. 10,000
D Tk. 15,000
A man took loan from a bank at the rate o f 12% p.a simple interest . After 3 years he had to pay Tk. 5400 interest only for the period. The principal amount borrowed by him was:
A TK. 20,000
B TK. 10,000
C Tk. 2000
D TK. 15,000
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?
A 200
B 150
C 210
D 175

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