Subject

    MBA Exam

    Topic

    Evening MBA-DU(18th Batch)

    An amount of money becomes Tk. 1,860 at an interest rate of 8% in 3 years. How many years the money would take to become Tk. 2040 at the same interest rate?

    ক)
    9/2
    খ)
    5
    গ)
    6
    ঘ)
    15/2

    Explanation

    at 8% rate, interest of 100 tk in 3 years= 3X8=24 principal+interest=124 tk when  principal+interest is 124 then capital 100 taka when  principal+interest is 1860 then capital 100 x 1860/124 taka=1500 tk so interest=(1860-1500)tk=360 tk 360 tk interest in 3 years 1      tk    interest in 3/360 years 540 tk interest = 3X 540/360=4.5 year

    Find Tutors

    View all Tutors