Subject

    Bank Exam

    Topic

    Janata Bank 2012 Executive Officer(EO)

    There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of tk.12000 After 3 years in same rate?

    ক)
    tk 2160
    খ)
    tk 3120
    গ)
    tk 3972
    ঘ)
    tk 6240

    Explanation

    Let P = BDT 100. Then, S.I. BDT. 60 and T = 6 years. So, R = 60/6= 10% Now, P = tk. 12000. T = 3 years and R = 10% p.a. SO, Amount= tk. [12000x {(1+10/100)3}] = tk. 12000x (1331/1000) = 15972 So interest = 15972- 12000 = 3972

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