Subject

    Quantitative Aptitude

    Topic

    Interest

    The simple interest for a certain sum of money is half the principal. Find the time and rate of interest if the rate is twice the time.

    ক)
    5 years, 10%
    খ)
    10 years, 5%
    গ)
    4 years, 8%
    ঘ)
    4.5 years, 9%
    ঙ)
    None of these

    Explanation

    Let the Principal be ‘a’. ∴ Interest = a/2 Let the time be ‘t’ years. Since the rate is twice the time, ∴ Rate of interest = 2 × t = 2t% We know that, Simple Interest = (P × R × T)/100 Where, P = principal Amount, R = % Rate of interest, T = time period in years Here, P = a; R = 2t; T = t; SI = a/2 ∴a2  =  a  ×  t  ×  2t100\therefore \frac{a}{2}\; = \;\frac{{a\; \times \;t\; \times \;2t}}{{100}} ⇒ 2t2 = 50 ⇒ t2 = 25 ⇒ t = 5 ∴ Time = t = 5 years ⇒ Rate of interest = 2t = 2 × 5 = 10 %
    An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes-If an investor earns interest of Tk. 1 per day at an interest rate of 4(1/18)% per annum, what will be his total investment?What would be the compound interest obtained on an amount of Tk.6875 at the rate of 8% p.a. after two years?Mr. Khan invested an amount of Tk. 13,900 divided into two different schemes A and B at a simple interest rate of 14% per annum and 11% per annum respectively. If the total amount of simple interest earned in 2 years be Tk. 3,508, what was the amount invested in Scheme B?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:Ms. Champa borrowed Tk. 240, interest free, from her elder brother to pay for her college education. If she pays back 5% of the amount quarterly, and has already paid Tk. 42, for how many month has she been paying back her loan?In what time will Tk.4200 amount to Tk.88 at 16% compound interest payable half-yearly?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:(বার্ষিক 5% হারে 2 বছরের জন্য যৌগিক সুদের টাকা হয় 510, একই সময় একই সময়ের জন্য একই হারে সাধারণ সুদের পরিমাণ হয় :)

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