What amount of money invested would earn an interest of Tk 200 over 4 years at 10% simple interest rate?

What amount of money invested would earn an interest of Tk 200 over 4 years at 10% simple interest rate? ?

Created: 3 days ago | Updated: 3 days ago | Created By:

Imran Ahmed

400

500

350

375

0 1

Best Answer Explained in Below-:

To calculate the principal amount required to earn an interest of Tk 200 over 4 years at 10% simple interest rate, we can use the following formula:Principal = Interest / (Rate of interest * Time)Substituting the given values, we get:Principal = 200 / (10/100 * 4)Principal = 200 / 0.4Principal = Tk. 500Therefore, the principal amount required to earn an interest of Tk 200 over 4 years at 10% simple interest rate is Tk. 500.So the answer is 500

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