Related Questions

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
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
Reena took a loan of Tk. 1200 with simple interest for as many years as the rate of interest. If she paid Tk. 432 as interest at the end of the loan period, what was the rate of interest?
A 3.6
B 6
C 18
D None of these
Hasib took a loan of 1400 tk with simple interest for as many years as the rate of interest. If he paid 126 th as interest at the end of the loan period , what was the rate of interest?
A 3%
B 6%
C 9%
D 12%
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of Interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
A 3.6
B 6
C 18
D cannot be determined
The amount of simple interest during 'n' interest period is (where, i = interest rate based on the length of one interest period, p = principal)
A P.i.n.
B P(1 + i.n)
C P(1 + i)n
D P(1 - i.n)
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
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)
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

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