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
If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is:
A $${\left( {1 + \frac{{\text{i}}}{{\text{m}}}} \right)^{\text{n}}}$$
B $${\left( {1 + \frac{{\text{i}}}{{\text{n}}}} \right)^{\text{m}}}$$
C $${\left( {1 + \frac{{\text{i}}}{{\text{n}}}} \right)^{\frac{1}{{\text{m}}}}}$$
D $${\left( {1 + \frac{{\text{i}}}{{\text{m}}}} \right)^{\frac{1}{{\text{n}}}}}$$
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)
Ms. Forest likes to let her students choose who their partners will be; however, no pair of students may work together more than seven class periods in a row. Adam and Baxter have studied together seven class periods in a row. Carter and Dennis have worked together three class periods in a row. Carter does not want to work with Adam. Who should be assigned to work with Baxter?
A Carter
B Adam
C Dennis
D Forest
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
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%
If 'S' is the amount available after 'n' interest periods for an initial principal 'P' with the discrete compound interest rate 'i', the present worth is given by
A $$\frac{{{{\left( {1 + {\text{i}}} \right)}^{\text{n}}}}}{{\text{S}}}$$
B $$\frac{{\text{S}}}{{{{\left( {1 + {\text{i}}} \right)}^{\text{n}}}}}$$
C $$\frac{{\text{S}}}{{\left( {1 + {\text{in}}} \right)}}$$
D $$\frac{{\text{S}}}{{{{\left( {1 + {\text{n}}} \right)}^{\text{i}}}}}$$
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
If a principal p becomes Q in 2 years when interest R% is compounded half yearly. And if the same principal P becomes Q in 2 years when interest 8% is compound annually, then which of the following is true?
A R>S
B R=S
C R
D None
A sum fetches a simple interest of Tk. 6000 at the rate of 5% p.a. in 6 years . what would be the compound interest earned at the same rate of interest and the same principal in 2 years?
A Tk. 2050
B Tk. 2500
C Tk. 2125
D Tk. 2245

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