Subject
Quantitative Aptitude
Topic
Interest
A person lent a certain sum of money at 8% simple interest and in eight years, the interest amounted to Tk.40 less than the amount lent. What is the amount the person lent?
A person lent a certain sum of money at 8% simple interest and in eight years, the interest amounted to Tk.40 less than the amount lent. What is the amount the person lent?
ক)
Tk. 111.11 (approximately)খ)
Tk.1735গ)
Tk.1745ঘ)
Tk.1755Explanation
Let the sum of money be ‘P’ SI = P n r/100 = P × 8 × 8/100 = 16P/100 P -16P/100 = Tk.635.40 25P – 16P = Tk.635.40 × 25 9P = 15885 P = 15885/9 = Tk.1765.Related questions
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