At what rate of compound interest rate per annual will a sum of Tk. 1200 become Tk. 1348.32 in 2 years?
Created: 6 years ago |
Updated: 3 years ago
best des
Hints: ধরি, rate হচ্ছে R% per annual
তাহলে, 1200 × {1 + (R/100)}2 = 1348.32
{1 + (R/100)}2 = 134832/120000 = 11236/10000 = (106/100)2
1 + (R/100) = 106/100
R = 6%
Md Azizur Rahman
Founder of Satt
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