How much interest will TK. 2,000 earn at annual rate of 10% in one year if the interest is compounded every 6 months ?

A 200
B 210
C 220
D None of these

Correct Answer: None of these

6 month interest rate = 10/2 % = 1/20 Interest = C - P = p(1 + r)^n - p = 2000(1 + 1/20)^2 - 2000 = 2000*21/20*21/20 - 2000 = 2205 - 2000 = 205
Bissoy MCQ
#গণিত #Bangladesh Bank #সরল ও যৌগিক মুনাফা  (Simple & Compound interest) #Bangladesh Bank - Assistant Director - 2001

Related Questions

Six men can earn as much as eight women ,two women can earn earn as much as three boys and four boys can earn as much as five girls.If a girl can earn Tk. 50 a day , what amount can a man earn in a day?
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