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Interest Rate

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Question: What simple interest rate will Sumon need to secure to make Tk.2500 in interest on a Tk.10000 principal over 5 years?

  1. a.
    4%
  2. b.
    5%
  3. c.
    6%
  4. d.
    7%
  5. e.
    8%
Answer: b

Question: A sum of money at simple interest amounts to Tk.2240 in 2 years and Tk.2600 in 5 years, the sum is--

  1. a.
    2120
  2. b.
    1880
  3. c.
    2000
  4. d.
    cannot be calculated
  5. e.
    None of them
Answer: c

Question: A sum of money becomes (8/5) of itself in 5 years at a certain rate of interest. The rate percent per annum is---

  1. a.
    10%
  2. b.
    12%
  3. c.
    5%
  4. d.
    8%
  5. e.
    15%
Answer: b

Question: If the interest on Tk.1200 be more than the interest on Tk.1000 by Tk.50 in 3 years, the rate percent is--

  1. a.
    25/3%
  2. b.
    29/3%
  3. c.
    31/3%
  4. d.
    20/3%
  5. e.
    17/3%
Answer: a

Question: In how many years will a sum of money double itself at 12% per annum.

  1. a.
    7 years 6 months
  2. b.
    8 years 6 months
  3. c.
    6 years 9 months
  4. d.
    8 years 4 months
  5. e.
    6 years 5 months
Answer: d

Question: What is the princepal amount which earns Tk.132 as compound interest for the second year at 10% per annum?

  1. a.
    1320
  2. b.
    1100
  3. c.
    1050
  4. d.
    1200
  5. e.
    1250
Answer: d

Question: A sum of Tk.2540 is lent out into two parts. One at 12% another one at 25/2%. If the total annual is Tk.311.60, he money lent at 12% is--

  1. a.
    1240
  2. b.
    1340
  3. c.
    1180
  4. d.
    1360
  5. e.
    1440
Answer: c

Question: The value of machine depreciates every four year at the rate of 10% on its value at the begining of that year if the present value of the machine is Tk.729 its worth 3 years ago was.

  1. a.
    1000
  2. b.
    750.87
  3. c.
    947.10
  4. d.
    800
  5. e.
    850
Answer: a

Question: A certain sum of money at simple interest amount to Tk.1012 in 5/2 years and Tk.1067.20 in 4 years, the rate of interest per annum is--

  1. a.
    4%
  2. b.
    5%
  3. c.
    2.5%
  4. d.
    3%
  5. e.
    3.5%
Answer: a

Question: What is the total interest on Tk.800 at 12.5% per annum for 9 months in taka?

  1. a.
    75
  2. b.
    110
  3. c.
    88
  4. d.
    22
  5. e.
    None of these
Answer: a

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