What is the profit of Tk. 650 in 6 years at the rate of profit Tk. 7.5 percent per annum?

What is the profit of Tk. 650 in 6 years at the rate of profit Tk. 7.5 percent per annum?

A Tk. 273.50

B Tk. 292.50

C Tk. 302.25

D Tk. 283.50

Solution

Correct Answer: Option B

I=pnr/100
=(650× 6× 7.5 )/100
=292.50