A bank pays simple interest rate of 8% on investment. If you invest Taka 5,000 in the bank, how much money would you get after 8 years?

A bank pays simple interest rate of 8% on investment. If you invest Taka 5,000 in the bank, how much money would you get after 8 years?

A 9,255

B 3,200

C 5,320

D 8,200

Solution

Correct Answer: Option D