Subject
Quantitative Aptitude
Topic
Interest
Vinitha invested a certain amount at the rate of 8 Percent Compounded Per Annum for 5 years and obtained a simple interest of Tk. Had she invested the same amount at the same rate of interest for 2 years, how much amount would she have obtained as compound interest at the end of 2 years?
Vinitha invested a certain amount at the rate of 8 Percent Compounded Per Annum for 5 years and obtained a simple interest of Tk. Had she invested the same amount at the same rate of interest for 2 years, how much amount would she have obtained as compound interest at the end of 2 years?
ক)
Tk.1580.80খ)
Tk.1520গ)
Tk.1550.50ঘ)
Tk.1550Explanation
The Principal P = (SI × 100)/ r n = (3800 × 100)/(8 × 5) = Tk.9500 C I = P (1 + r/100)n – P = {9500 ( 1 + 8/100)² }- 9500 = 9500 × 1.08 × 1.08 – 9500 = 11080.8 – 9500 = Tk.1580.80.Related questions
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