Discuss Forum
1. The compound interest on Tk.10000 for 4 years @ 5% per annum will be approximately
- A. Tk.2000
- B. Tk.2000
- C. Tk.2000
- D. Tk.2000
Answer: Option E
Explanation:
I=p(1+r)^n
=10000(1+5/100)⁴
=12155.06
So, Compound Interest=12155.06-10000=2155.06≈2155
(ans)
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