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)
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
Treasury security in which final principal payment is separated from periodic interest payment is classified as
A STRIP
B separated security
C inflated security
D coupon paid security
If 4 years' interest of Principal tk.500 and 5 years interest of Principal Tk. 600 are Tk. 500 in total , what is the rate of interest ?
A 5%
B 8%
C 10%
D 12%
During a month, Jalil used 1/6 of his monthly salary for a car payment and an amount which is 1.25 times more than the car payment for rent. What fraction of his monthly salary did Jalil use that month the car payment and rent combined?
A 5/24
B 3/8
C 7/12
D none of these
What refers to the cost of borrowing money or the amount earned by a unit principal per unit time?
A Yield rate
B Rate of return
C Rate of interest
D Economic return
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 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)
The simple interest on a sum of money is 16/25 of the principal. The number of years is equal to the rate of interest per annum. What is the rate (in percentage) of interest per annum?
A 4
B 16
C 8
D 12

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