Question

2. A person deposited Tk.6000 in a bank at the rate of profit Tk.10 per
annum in 3 years.
a.) Determine the profit-principal at the end of 1"' year.
b.) Determine the difference between the simple profit and compound profit.
4
c). In how many years profit-principal will be 1.5 times of the given
principal at the same rate of profit?
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Answer 1

Answer:

5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly? = Rs. 5304.