Subject
Bank Exam
Topic
Janata Bank Executive Officer 2017 (Morning)
A sum of money is borrowed and paid back in two annual instalments of tk. 882 each allowing 5% compound interst. The sum borrowed was:
A sum of money is borrowed and paid back in two annual instalments of tk. 882 each allowing 5% compound interst. The sum borrowed was:
ক)
Tk. 1620খ)
tk. 1640গ)
tk. 1680ঘ)
tk. 1700Explanation
Present worth of Tk. P due in n years is given by Present worth = Therefore, Principal = (Present worth of tk. 882 due 1 year hence) + (Present worth of tk. 882 due 2 years hence) = tk 840 + tk 800 = tk 1640Related questions
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