A sum of money is borrowed and paid back in two annual installments of Tk. 882 each allowing 5% compound interest. The sum borrowed was :
-
ক
Tk. 1620
-
খ
Tk. 1680
-
গ
Tk. 1640
-
ঘ
Tk. 1700
Let's denote the principal amount (the sum borrowed) as "P" in Tk.
Given:
- The amount is paid back in two annual installments of Tk. 882 each.
- The interest is compounded annually at a rate of 5%.
Let's break down the repayment process:
First Installment:
- After the first year, the borrower pays Tk. 882.
- This payment includes both the principal and the interest accrued in the first year.
Second Installment:
- After the second year, the borrower pays another Tk. 882.
- Again, this payment includes both the principal and the interest accrued in the second year.
We can set up equations to represent these two installments:
After the first year: P + 5% of P = P + 0.05P = 1.05P So, after the first year, the remaining amount is 1.05P - 882.
After the second year: (1.05P - 882) + 5% of (1.05P - 882) = (1.05P - 882) + 0.05(1.05P - 882) = 1.1025P - 926.1 So, after the second year, the remaining amount is 1.1025P - 926.1 - 882.
Now, we know that after the second installment, the remaining amount should be zero because the loan is fully paid off. Therefore:
1.1025P - 926.1 - 882 = 0
Now, we can solve this equation to find the principal amount (P):
1.1025P - 1808.1 = 0
1.1025P = 1808.1
P = 1808.1 / 1.1025
P ≈ 1640
So, the principal amount borrowed was approximately Tk. 1640.
Related Question
View All-
ক
5.17%
-
খ
6.17%
-
গ
7.17%
-
ঘ
8.17%
-
ক
১৮০০
-
খ
৬৪৮
-
গ
১২৮০
-
ঘ
৭৪৮
-
ক
Tk. 17.5 lakhs
-
খ
Tk. 21 lakhs
-
গ
Tk. 15 lakhs
-
ঘ
Tk. 20 lakhs
-
ক
6000
-
খ
6400
-
গ
7200
-
ঘ
9600
-
ক
৬২০ টাকা
-
খ
৬২৫ টাকা
-
গ
৫২০ টাকা
-
ঘ
৬৫০ টাকা
-
ক
৩৬০০
-
খ
৩৮১৬
-
গ
৭২০০
-
ঘ
৭৬৩২
১ ক্লিকে প্রশ্ন, শীট, সাজেশন ও
অনলাইন পরীক্ষা তৈরির সফটওয়্যার!
শুধু প্রশ্ন সিলেক্ট করুন — প্রশ্নপত্র অটোমেটিক তৈরি!
Related Question
Question Analytics
মোট উত্তরদাতা
জন





