Subject
Bank Exam
Topic
Janata Bank 2015 (AEO)
Find the compound interest of Tk. 15625 for 9 months at 16% per annum compounded quarterly.
Find the compound interest of Tk. 15625 for 9 months at 16% per annum compounded quarterly.
ক)
Tk. 1851খ)
Tk. 1941গ)
Tk. 1951ঘ)
Tk. 1961Explanation
P = Tk15625, n = 9 months = 3 quarters, R = 16% p.a. = 4% per quarter. Amount = Tk [15625 X (1 + 4/100)3 = Tk (15625 X 2625∗2625∗2625) = Tk 17576. ∴ C.I. = Tk (17576 - 15625) = Tk1951Related questions
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