The interest on a certain deposit at 5% p.a. is Tk 50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a.?

The interest on a certain deposit at 5% p.a. is Tk 50 in one year. How much will the additional interest in one year be on the same deposit at 5% p.a.?

A Tk 20.25

B Tk 22.50

C Tk 25

D Tk 42.75

Solution

Correct Answer: Option B