Related Questions

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
A man saves Tk. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?
A Tk. 565.25
B Tk. 662.02
C Tk. 635
D Tk. 666.50
A man saves $ 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?
A $ 662
B $ 665.01
C $ 662.02
D $ 662.03
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 rate at which one bank lends money to the other commercial Banks for the shortest period is called-
A Call Money Rate
B Bank Rate
C Discount Rate
D Lending Rate
An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes---
A 10%
B 10.25%
C 10.75%
D 11%
The rate at which Central bank lends money to the commercial banks is called-
A Lending Rate
B Bank Rate
C Call Money rate
D Discount Rate
An amount of money becomes Tk. 1,860 at an interest rate of 8% in 3 years . How many years the money would take to become Tk. 2040 at the same interest rate?
A 4.5
B 5
C 6
D 7.5
An amount of money becomes Tk. 1,860 at an interest rate of 8% in 3 years. How many years the money would take to become Tk. 2040 at the same interest rate?
A 412
B 712
C 512
D 6
If simple interest on a certain sum of money is Tk. 256 and the rate of interest per annum equals the number of years,then the rate of interest is--
A 13%
B 14%
C 16%
D 18%

Next steps