Discuss Forum

1. Arman wanted to have Tk. 39,200 as interest after 5 years. He has invested an amount in an account for 1 year at 8% interest rate. From the 2nd year, he invested the principal amount in another account offering 10% interest for 3 years. At the beginning of the fifth year he invested the Principal amount in another account at the rate of 11%. What was the principal amount? (assume simple interest rate)

  • A. Tk. 50,000
  • B. Tk. 50,000
  • C. Tk. 50,000
  • D. Tk. 50,000

Answer: Option B

Explanation:


Post your comments here:

Name:
Mobile:
Email:(Optional)

» Your comments will be displayed only after manual approval.