Preference

Question: How much interest will Tk.2000 earn at an annul rate of 8% in one year if the interest is compounded every six months?

  1. a.
    Tk.160
  2. b.
    Tk.163.20
  3. c.
    Tk.249.73
  4. d.
    Tk.332.80
  5. e.
    None of these
Answer: b

Question: The compound interest on Tk.10000 for 4 years @ 5% per annum will be approximately--

  1. a.
    Tk.2000
  2. b.
    Tk.2025
  3. c.
    Tk.2075
  4. d.
    Tk.2100
  5. e.
    Tk.2150
Answer: e

Question: For how many years does a person need to invest his Tk.3000 at 7% to earn Tk.420 in simple interest?

  1. a.
    1 year
  2. b.
    2 years
  3. c.
    3 years
  4. d.
    4 years
  5. e.
    none of these
Answer: b

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