Subject
Quantitative Aptitude
Topic
Interest
What will be the difference between the simple and the compound interest at the rate of 15% per annum on a sum of Tk.12000 after 3 years?
What will be the difference between the simple and the compound interest at the rate of 15% per annum on a sum of Tk.12000 after 3 years?
ক)
Tk. 850.5খ)
Tk.900গ)
Tk.800.3ঘ)
Tk.860.5Explanation
If the Sum of money invested, the Rate percent and the Term are given and is asked to find the difference between the C I and S I is calculated as: Difference = Sum × r² (300 + r)/ (100)³ Therefore, the required difference = 12000 × 15² (300 + 15)/ 100³ = 12000 × 225 × 315/1000000 = Tk.850.5Related questions
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