If interest on a savings account is paid monthly at an annual rate of $6 \frac{1}{4}$ percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account?

Created: 5 years ago | Updated: 3 years ago

NCC Bank Ltd NCC Bank Ltd - Officer - 09.12.2011 গণিত সরল ও যৌগিক মুনাফা (Simple & Compound interest)

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best des

Here, Interest = Principal

We know, Interest = (prinicpal×time×rate)p/100

Interest = (interest × time ×61/4o/100

time = 100×4/25

Time = 16 years

5 years ago

0 0

Md Azizur Rahman

Founder of Satt

সরল ও যৌগিক মুনাফা (Simple & Compound interest)

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1. What is the opposite of "LIABILITY"?

Created: 6 years ago | Updated: 3 months ago

Treasure

Debt

Assets

Property

বিসিএস প্রিলিমিনারি + রিটেন টেস্ট ৩০ তম বিসিএস প্রিলিমিনারি টেস্ট (30-07-2010) English Antonyms

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2. The phrase 'Achilles' heel' means:

Created: 6 years ago | Updated: 1 week ago

A strong point

A weak point

A permanent solution

A serious idea

বিসিএস প্রিলিমিনারি + রিটেন টেস্ট ৩৭ তম বিসিএস প্রিলিমিনারি টেস্ট (30-09-2016) English phrase

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3. He worked "with all sincerity". the underlined phrase is ----

Created: 6 years ago | Updated: 1 week ago

A noun phrase

An adjective phrase

An infinitive phrase

An adverbial phrase

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4. A degree in economics ____ his door to many jobs. (Fill in the blank)

Created: 6 years ago | Updated: 2 months ago

key to

basis of

has

opens

পিএসসি ও অন্যান্য নিয়োগ পরীক্ষা বাংলাদেশ পল্লী উন্নয়ন বোর্ড(BARD)-এর উপজেলা পল্লী উন্নয়ন কর্মকর্তা-০২.১০.২০০৯ English English

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5. He advised us to desist _____ that attempt. (Fill in the blank)

Created: 6 years ago | Updated: 9 months ago

from

for

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If interest on a savings account is paid monthly at an annual rate of $6 \frac{1}{4}$ percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account?

সরল ও যৌগিক মুনাফা (Simple & Compound interest)

Related Question

1. What is the opposite of "LIABILITY"?

2. The phrase 'Achilles' heel' means:

3. He worked "with all sincerity". the underlined phrase is ----

4. A degree in economics ____ his door to many jobs. (Fill in the blank)

5. He advised us to desist _____ that attempt. (Fill in the blank)

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If interest on a savings account is paid monthly at an annual rate of 614percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account?

সরল ও যৌগিক মুনাফা (Simple & Compound interest)

Related Question

1. What is the opposite of "LIABILITY"?

2. The phrase 'Achilles' heel' means:

3. He worked "with all sincerity". the underlined phrase is ----

4. A degree in economics ____ his door to many jobs. (Fill in the blank)

5. He advised us to desist _____ that attempt. (Fill in the blank)

NCC Bank Ltd

Promotion

Download Our Mobile Apps

Satt policy

Main Features

Subscribe our newsletter

Promotion

If interest on a savings account is paid monthly at an annual rate of $6 \frac{1}{4}$ percent and if the interestis not reinvested, then in how many years will the total amount of interest earned equal the amount of money saved in the account?