If Tk. 1,000 is invested in an account pa… | Answer

Subject

Bank Exam

Topic

Modhumoti Bank Ltd. - Probationary Officer - 2018

If Tk. 1,000 is invested in an account paying 10% compounded monthly, how much would be the nearest ending balance at the end of 10 years ?
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ক)

Tk. 2,800

খ)

Tk. 2,900

গ)

Tk. 3,100

ঘ)

None

Explanation

প্রশ্নে বলা হচ্ছে যে, যদি 1,000 টাকা মাসিক 10% চক্রবৃদ্ধি হারে বিনিয়োগ করা হয় তাহলে 10 বছরের শেষে মোট টাকার পরিমাণ কত হবে ? এটা একটি চক্রবৃদ্ধি সুদের অংক যেখানে চক্রবৃদ্ধি 1 বছরের পরিবর্তে 1 মাসে হবে । প্রথমে আমরা বের করি মোট কতবার চক্রবৃদ্ধি হবে 12

\times

10 = 120 বার সুদাসল =

P(1 + \frac{r}{{100 \times n}})t \times n

1,000{(1 + \frac{{10}}{{100 \times 12}})^{10{\rm{ }} \times 12\;}}

1,000{(1 + \frac{1}{{10 \times 12}})^{120\;}}

1,000{(\frac{{120 + 1}}{{120}})^{120\;}}

1,000{(\frac{{121}}{{120}})^{120\;}}

= 2,696

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If Tk. 1,000 is invested in an account paying 10% compounded monthly, how much would be the nearest ending balance at the end of 10 years ?Reading

If Tk. 1,000 is invested in an account paying 10% compounded monthly, how much would be the nearest ending balance at the end of 10 years ?

Explanation

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If Tk. 1,000 is invested in an account paying 10% compounded monthly, how much would be the nearest ending balance at the end of 10 years ?
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