Subject

    Bank Exam

    Topic

    Bangladesh Bank AD 2014

    If the compound interest on a sum for 2 years at 5% per annum is Tk. 510, the simple interest on the same sum at the same rate for the same period of time is:

    ক)
    Tk. 400
    খ)
    Tk. 450
    গ)
    Tk. 460
    ঘ)
    Tk. 480

    Explanation

    we know A=P(1+r/100)n A=principle+interest let principle=x we get, x+510=x(1+12.50/100)2 x=1920 again, I=pnr =1920×2×12.50/100 =480

    Find Tutors

    View all Tutors