An amount of money becomes Tk 1860 at an interest rate of 8% In 3 years. How many years the money would take to become Tk 2040 at the same interest rate?
সমাধান
সঠিক উত্তর: Option A
Let, Principal = x
x + x×.08×3 = 1860
=> 1.24x = 1860
=> x=1500
Let, time = y
So, 1500+1500×Y×.08 = 2040
=> 120y = 540
=> y = 4.5
Ans. 4(1/2)