Subject
Quantitative Aptitude
Topic
Interest
A certain amount becomes Tk.627200 in two years and Tk.702464 in three year. If the interest is compounded yearly what is the rate of interest?
A certain amount becomes Tk.627200 in two years and Tk.702464 in three year. If the interest is compounded yearly what is the rate of interest?
ক)
11%খ)
12%গ)
13%ঘ)
14%Explanation
C I for the third year = Tk.702464 – Tk.627200 = Tk.75264 Tk.75264 is the SI for 1 year for Tk.627200. Therefore, the Rate of interest = (SI ×100)/P n (here, n = 1 year) i.e. (75264 × 100)/627200 × 1 = 75264/6272 = 12%Related questions
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