Subject
Quantitative Aptitude
Topic
Interest
What will be the difference between the compound interest and simple interest at the rate of 5 Percent Compounded Per Annum on an amount of Tk.4000 at the end of two years?
What will be the difference between the compound interest and simple interest at the rate of 5 Percent Compounded Per Annum on an amount of Tk.4000 at the end of two years?
ক)
Tk.10খ)
Tk.20গ)
Tk.25ঘ)
Data inadequateExplanation
If Sum invested, rate % and time is given, then the difference between CI and SI can be calculated as: Difference = Sum ( r/100 )² = 4000 ( 5/100)² = 4000 × (1/20)² = 4000 × 1/400 = Tk.10Related questions
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