At what rate of compound interest per annum will a sum of Tk. 1200 become Tk. 1348.32 in 2 years?

Created: 6 years ago | Updated: 3 years ago

6.5%

7.5%

Probashi Kallyan Bank Probashi Kallyan Bank - Senior Officer - 14.02.2014 গণিত সরল ও যৌগিক মুনাফা (Simple & Compound interest)

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best des

Hints : Let , Rate will be R%

Compound Interest formula

C = P (1 + r)ⁿ

1348.32 = 1200 (1 + r) ²

1348.32/1200 = (1 + r)²

R = 6%

6 years ago

0 0

Md Azizur Rahman

Founder of Satt

সরল ও যৌগিক মুনাফা (Simple & Compound interest)

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At what rate of compound interest per annum will a sum of Tk. 1200 become Tk. 1348.32 in 2 years?

সরল ও যৌগিক মুনাফা (Simple & Compound interest)

Related Question

1. What is the opposite of "LIABILITY"?

2. The phrase 'Achilles' heel' means:

3. He worked "with all sincerity". the underlined phrase is ----

4. A degree in economics ____ his door to many jobs. (Fill in the blank)

5. He advised us to desist _____ that attempt. (Fill in the blank)

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At what rate of compound interest per annum will a sum of Tk. 1200 become Tk. 1348.32 in 2 years?

সরল ও যৌগিক মুনাফা (Simple & Compound interest)

Related Question

1. What is the opposite of "LIABILITY"?

2. The phrase 'Achilles' heel' means:

3. He worked "with all sincerity". the underlined phrase is ----

4. A degree in economics ____ his door to many jobs. (Fill in the blank)

5. He advised us to desist _____ that attempt. (Fill in the blank)

Probashi Kallyan Bank

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Download Our Mobile Apps

Satt policy

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