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1. Muzahid wants to borrow Tk. 2,00,000 from a bank. The amount with interest rate of 15% is to be repaid 18 months from now. How much will be the repayment amount?

  • A. Tk. 1,63,200
  • B. Tk. 1,63,200
  • C. Tk. 1,63,200
  • D. Tk. 1,63,200

Answer: Option C

Explanation:

here,

r = 15/100

t = 18/12 yr

so,Interest, I = (200000×15×18)/(12×100)

      = 45000 tk

so, total repayment amount = 200000 + 45000

    = 245000tk

ans: 245000tk

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