Subject

    Bank Exam

    Topic

    Probashi Kallyan Bank Exam. 2014

    The compound interest on a certain sum for 2 years at 10% per annum is Tk. The simple interest on the same sum for double the time at half the rate percent per annum is :

    ক)
    Tk. 400
    খ)
    Tk. 500
    গ)
    Tk. 600
    ঘ)
    Tk. 800

    Explanation

    The compound interest on a certain sum for 2 years at 10% per annum is Tk. 525. C = P(1+r/100)n 525+P =  P(1+ .1)2 =>P = 2500 For Simple Interest, I = Pnr = 2500X4X.05 = 500

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