Mr. Kamal has deposited BDT 1200 in a bank at an annual interest rat of 9 percent . What amount will be earned in 18 months if simple interest rate is applied of his deposit?

Mr. Kamal has deposited BDT 1200 in a bank at an annual interest rat of 9 percent . What amount will be earned in 18 months if simple interest rate is applied of his deposit?

A BDT 96

B BDT 162

C BDT 106

D BDT 108

Solution

Correct Answer: Option B

interest= 1200 x (9/100) x (18/12)
= 162 tk