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1. A sum fetches a simle interest of tk.6000 at the rate of 5% pa.in 6years. what would be the compound interest earned at the same rate of interest and the same principal in 2 years?

  • A. tk.2050
  • B. tk.2050
  • C. tk.2050
  • D. tk.2050

Answer: Option A

Explanation:

The sum = Tk. (6000 × 100)/(5 × 6) = Tk. 20000
Compound Interest = (20000 × 105/100 × 105/100) – 20000 = Tk. 2050. Ans: A

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