Question

Find the amount on Tk. 28,000 at the rate of 7.5% p. a. for 10 years.

Tk. 21,000

Tk. 49,500

Tk.21,500

Tk. 49,000
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Answer 1

Given :

Principle (P) = 28,000

Rate (R) = 7.5% p.a.

Time (T) = 10 years

Simple interest (S.I.) = (P×R×T)/100

S.I. = (28,000×7.5×10)/100

S.I. = 21,000

Amount = P + S.I.

= 28,000 + 21,000

= 49,000 Answer