Laboni bought a 1 year, Tk. 10,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on his certificate at maturity?

Question

Laboni  bought a 1 year, Tk. 10,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on his certificate at maturity?

Satt Academy · Accepted Answer

Tk. 816 - চক্রবৃদ্ধি  মুনাফার ক্ষেত্রে  সবৃদ্ধিমূল
c  =  p ( 1  +   r/m)mn
 =  10000[ 1  +   8/(2&times;100)] 2.1
 =  10000 &times; (1.04)2
 =...

Laboni bought a 1 year, Tk. 10,000 certificate of deposit that paid interest at an annual rate of 8 percent compounded semiannually. What was the total amount of interest paid on his certificate at maturity?

সরল ও যৌগিক মুনাফা (Simple & Compound interest) টপিকের বিষয়বস্তুঃ

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