Career Aid for Bank & BCS Math

Interest
1) Mr B invests Tk 2400 in the bank at 5% interest. How much additional money must be invested at
8% interest so that the total interest will be equal to 6% of his entire investment? [UCBL Officer
11, Modhumoti PO 18, SJIB TSO 18]
Solution Suppose, Mr B Additional money invested be x tk
ATQ, 8% of x + 5% of 2400 = 6%(x+2400)
Or,8x+12000 = 6x+14400
Or,2x = 2400
Or, x = 1200
Mr B Additional money invest is 1200 tk
Answer 1200 TK
2) Mr. X borrowed Tk. 500 at 5% simple interest per year. After some time, he borrowed Tk. 400 at
3.5% simple interest per year for the second time. Six months after the second time borrowing,
he repaid both the borrowed money along with interest and the amount repaid was Tk. 994.50.
How many years after the first time borrowing Mr. X repaid the borrowed money?[Bank ASIA
MTO -2017] [KSB SO-2013] [23th BCS WRITTEN]
Solution Total amount=(400+500)=900 Tk
Total interest=(994.5-900)=94.5 Tk
3.5% interest rate
400 Tk years interest = 400 = 7 Tk.
Remaining interest=(94.5-7)=87.5 Tk
5% rate of interest
500 Tk 1 years interest = = 25 Tk
25 Tk interest for 1 years
87.5 Tk interest = 3.5 years
So after 3.5 years then he took second amount
Answer 3.5 years
3) Salam used a part of Tk.100000 to purchase a television. Of the remaining portion, he invested
1/3 of it at 4% simple annual interest and 2/3 of it at 6% simple annual interest. If, after a year,
the income from two investments totaled tk. 320, what was the purchase price of the television?
[ONE Bank SCO-2017]
Solution Let, The purchase price of the TV = x Tk
and Remaining amount of money= (100,000 – x) Tk
First portion interest =(100,000-x) 4% =
Second portion interest =(100,000– x) 6% =
According to the question
=320
Or, ( )( ) = 320
Or, ( ) = 320
Or,400000 - 4x = 320 75
Or, x = 94,000
Answer 94,000 Tk
4) A sum of Tk. 1,260 is borrowed from a money lender at 10% p.a compounded annually. If the
amount is to be paid in two equal annual installments, find the annual installment? [Basic AO-14]
Solution: Principal = Tk. 1260, Rate of interest, r =10%, Time = 2 years
We know, A = P * (1 + r)n [Where, A = Amount = P + I]
=>A = 1260 ( )

=>A = 1260 ( )
1
Career Aid for Bank & BCS Math
=>A = 1524.6
Since the amount has to be paid in two equal annual installment.
So the annual installment = (1524.60+2) = Tk 762.30
Answer Tk 762.30
5) A certain sum of money is Tk.900 (including principal) in 5 years and Tk.1200 (including principal)
in 8 years. What's the rate of simple interest? [NRB (MTO)-2016]
Solution
In 8 years, Principal amount + Interest= 1200 Tk.
In 5 years, Principal amount + Interest= 900 Tk.
………………………………………………………………………….
In 3 years interest= 300 Tk.
In 1 year interest=Tk. = Tk. 100
In 8 years interest = Tk. (100 × 8) = Tk. 800
So, Principal amount= Tk. (1200 - 800) = Tk. 400
In 1 year,
Answer Hence, Interest rate be 25%
6) Suppose you deposited Tk 10000 on January 1. 2016 at 12.50% interest rate for 1 year. On July 1
2016 Tk15000 at 12% interest rate for 6 months and on October 1 2016 Tk 20000 at 11.5%
interest rate for 3 months(assume that the stated interest rates are simple and annual). Suppose
you withdrew all deposits including due interests on December 31. 2016. Calculate the overall
annual rate of interest you have received.[MTB MTO-2014][SBL MTO-2016]
Solution #Investment_01:
•• Tk. 10000 from 01.01.2016 to 31.12.2016 @12.50%.
Total Interest Earned = Tk. 10000 × 12.50% × = Tk. 1250.
Weighted average annual investment = Tk. 10000 × = Tk. 10000.
#Investment_02:
•• Tk. 15000 from 01.07.2016 to 31.12.2016 @12%.
Total Interest Earned = Tk. 15000 × 12% × = Tk. 900.
Weighted average annual investment = Tk. 15000 × = Tk. 7500.
#Investment_03:
•• Tk. 20000 from 01.10.2016 to 31.12.2016 @11.50%.
Total Interest Earned = Tk. 20000 × 11.50% × = Tk. 575.
Weighted average annual investment = Tk. 20000 × = Tk. 5000.
Now:
◘ Total Interest Earned = Tk. 1250 + 900 + 575 = Tk. 2725.
◘ Weighted Average Annual Investment To Earn The Interest = Tk. 10000 +7500 + 5000 = Tk. 22500.
Therefore: Overall Annual Rate of Interest = = 0.121111.... = 12.11%.
Answer v12.11%.
7) The simple interest rate of a bank was reduced to 5% from 7%. As a consequence Karim’s income
from bank interest was reduced by Tk. 2100 in 5 years. How much is Karim’s initial deposit with
the bank? [Standard Bank(TAO)Cash 16]
Solution The rate of interest rate reduced= 7% - 5% = 2%
In 5 years interest reduced=2100 Tk
In 1 year interest reduced = = 420 Tk
Tk. 2 reduce when deposit Tk. 100
Tk. 1 ” ” ”
Tk.420 ” ” ” = 21,000 Tk
Answer 21,000 Tk
2
Career Aid for Bank & BCS Math
8) A person earns yearly interest of Tk. 920 by investing Tk. X at 4% and Tk. Y at 5% simple interest
rate. If he had invested Tk. X at 5% and Tk. Y at 4% simple interest rate, then his yearly interest
earning would have been reduced by Tk. 40. Find out the amount of X and Y[Midland bank ATO-
2015] (Premier MTO- 12)
Solution According to the question,
x×4%+y×5% =920
4x+5y = 92000 ............(i)
And, X×5% + Y×4%=880
5x+4y=88000..........(ii)
Now, (i)×5-4×(ii)
We get, 9y=108,000
y = 12000.
Putting the value of y=12000 in equation (1)
4x+5*12000 = 92000
Or, x=8000
Answer: x=8000 tk and y= 12,000 tk
9) Mr. X pays 10% tax on all income over 60000tk but he does not pay any tax on interest on postal
saving certificate. In 2000 he paid 7500 as tax & he earned 12000 as interest on postal savings
account. What is his net income in 2000? [BB Officer-01]
Solution Mr. X gives 10% taxes upon his income,
Now, If tax is 10tk then income is 100tk
If tax is 7500tk the income is (100 ✕ 7500)/10 = 75000tk
His total income in 2000 = 75000 + 60000 + 12000 = 147000tk
So, his net income in 2000 is = 147000 – 7500 = 139500tk
Answer Tk 139500
10) Mr. X has a investable amount of tk 100000, he will invest the amount for two years. He has two
options. He can invest at simple interest rate of 12% per annum, alternatively he can invest at
compound rate of 10% (semi annually). Calculate the earnings at two option and advice him. [BB
Officer-01]
Solution At 12% simple interest, Mr. X can get = 2✕ 100000 ✕ = 24000tk

At 10% compound amount = 100000( ) = 121550.6tk

[formula, CA = P(1+r/100)^t](t =2 ✕ 2 = 4 and r = 10/2 = 5% (because of rate is applied semi
annually)
So, compound interest = 121550.6 – 100000 = 21550.6tk
Answer So, simple interest is better option for Mr. X
11) An amount of money is invested in a saving account for years. It increases by Tk. 420 in two years
after annual compounding at the rate of 10% per year. What is the amount, in Taka, invested
initially? [Rakub Officer-14]
Solution Let, the principle be Tk. x
Here, c = Principal with interest; p = Principal = x; n = Year; r = Interest Rate.
We know in the case of compound interest
c = p*(1 + r/100)n
=> x + 420 = x * (1 + 10/100)2
=> x + 420 = x * (1 + 1/10)2
=> x + 420 = x * (11/10)2
=>x + 420 = (121x)/100
=> 100x + 42000 = 121x
=> 21x = 42000
x = 42000/21
So, x = 2000
Answer 2,000 Tk

3
Career Aid for Bank & BCS Math
12) A borrower's pays 6.5 percent interest per year on the first Tk. 600 he borrowed 7.25 percent per
year on the part of the loan in excess of Tk. 600. How much interest will the borrower pay on a
loan Tk. 6,500 for 1 year. [SJIBL TSO-16]
Solution As the borrower pays 6.5 percent interest pa year on the first Tk. 600 he borrowed For
first Tk. 600, interest,
I1 = (600 * 6.5 * 1)/100 = 39Tk
As he pays 7.25% in excess of Tk. 600
Amount in excess of Tk. 600= Tk. (6, 560 - 600) = Tk 5900
We have Interest, I2 = (5900 * 7.25 * 1)/100 = 427.75Tk
Hence, Total interest I = I1+ I2=39 + 427.75 = 466.75Tk (Answer)
13) A finance company declares that, with compound interest rate, a sum of money deposited by anyone
will become 8 times in three years. if the same amount is deposited at the same compound-rate of
interest, then in how many years it will become 16 times? [PKB Officer-21]
Solution:

14) A man agrees to refund the loan of Tk. 7,900 in few installments. Each a installment is Tk. 5 more
than the immediate past installment. If the first installment is Tk. 100, in how many installments
will the man be able to refund amount?
Solution
Here, first installment is Tk. 100, Second installment is Tk. 105 and Third installment is Tk. 110
The series is = 100 + 105 + 110 + 115 + …
Here, a = 100 d = 105 - 100 = 5
If n be the number of installment, we can write
n/2*{2a+(n-1)*d} =7,900
 n/2*{(2 * 100)+ (n - 1)*5} =7,900
 n/2 * (200 + 5n - 5) =7,900
 n(195 + 5n) =15,800
 5n2 + 195n - 15,800 = 0
 n2 + 39n - 3160 = 0
 n2+ 79n - 40n - 3160 = 0
 n(n + 79) - 40(n + 79) = 0
 (n + 79)(n - 40) = 0
Here, (n + 79) = 0
n = - 79 (which is not acceptable)
and, n - 40 = 0, hence n = 40 (Answer)

4
Career Aid for Bank & BCS Math
15) Bokul invested an amount of Tk. 15,000 in fixed deposit scheme for 3 years at interest rate 5%
per annum. How much amount will she get on maturity of the fixed deposit if the interest is
compounded quarterly? [Combined SO-21]
Solution Here, principal amount,= 15000Tk, interest rate, r =5%, Number of years, n = 3
number of months, m= 4 [Quarterly means 4 times a year]
Now we know required amount,
A = p*(1 + r/(100*m))mn = 15000 * (1 + 5/(100*4))4*3=15000 * (1 + 1/80)12 = 15000* (81/80)12
=15000 * (1.0125)12 =17,411.317 Tk.
Required amount is 17, 411.317Tk . (Answer)
16) A sum of money doubles itself at compound interest in 15 years. In how many years will it become
eight times? [PKB Officer-21]
Solution

17) A certain amount increases by 60% in 6 years at simple interest. What will be the interest of Tk. 12000
after 3 years at the same rate compounded annually? [combined Bank- Officer gen-22]
Solution

18) Zaman's father invested some money and for every Tk. 12 he invested he got a total of Tk. 15
back. If Zaman's father invested Tk. 300, how much in total did he get back? [GIB PO-22]
Solution
Zaman's father got as profit = 15 - 12 = 3 Tk.
Father invests 12 Tk. to get = 3 Tk.
Father invests 300 Tk. to get = 3 x 300/12 = 75 Tk.
Father will get back = 300 + 75 = 375 Tk. (Answer)
19) Ms. Wazaiha invested a total amount of BDT 50,000 in two bonds namely BEXIMCO and DBBL
that pay annual interest at the rate of 6.5% and 9%, respectively. If she likes to receive BDT 4,000
as interest income, how much should she invest in each bond? [Combined officer cash-22]

5
Career Aid for Bank & BCS Math
Solution Let, she should invest x Tk. in BEXIMCO
She should invest = (50,000-x) Tk. in DBBL
According to question
6.5% of x+9% of (50000 - x) = 4000
=> (6.5x)/100 + (9(50000 - x))/100 = 4000
=> 6.5x + 450000 - 9x = 400
=> 6.5x - 9x = 450000 - 400000
=> 2.5x = 50000
So, x = 50000/2.5 = 20000
The amount of BEXIMCO bond be 20,000
Tk. DBBL amount would be = 50,000-20,000= 30,000 Tk. (Answer)
20) A senior citizen invest Tk. 50 lac in a fixed deposit scheme at 11.5 % annual interest for six
months. In every six months he withdraws Tk. 2 Lac from his principal plus interest earned. What
will be his principal amount to invest after two years. [BB AD-18]
Solution
In two years, he withdraws=4*200000=800000 TK
We will not calculate the amount of interest charged against 50 lac tk as he also withdraws interest
amount.
So, after two years the principle amount will be=5000000-800000=4200000 Tk
Answer: 42 lac
21) A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer
a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of [SJIBL
TO cash-23]
Solution
20% CP : FV Or, 5 : 6 = 3000 : 3600
FV = 3600
SP = 3600
No Loss No Gain
Alternative way
Here, Principle=3000, interest rate = 10%, time = 2years
We know that, I=Pnr= 3000*2*10%=3000*2*10/100 = 600
So, the future value = 3000+600=3600
Selling price of the cow is Rs. 3600.
Therefore, the profit or gain by selling the cow is
⇒Profit % = (3600−3600)/3600×100=0%
The man has a gain of 0% as the cost price and selling price are the same
Answer No Loss No Gain
22) Siam brought a phone at a certain price. He paid 5000 tk as down payment and the rest was
paid at 8% interest for 2 years. He total paid 18920 tk. How much was the actual price of the
phone? (Assume simple interest)
Solution
Without down payment = Tk. (18920 – 5000) = Tk. 13920
Here, n = 2 years, r = 8%
According to the question,
P+ Pnr = 13920
Or, P + P×2×8% = 13920
Or, P(1+2×.08) = 13920
Or, P ×1.16 =13920
13920
Or, P =
1.16
Or, P= 12000
Actual Price = 12000 +5000 = Tk. 17000
Answer 17000 taka

6
Career Aid for Bank & BCS Math
23) Mr. A deposited a certain amount of money for a fixed period of time. On maturity, he received a
total of Tk 60,000 and the ratio of interest and investment was 3:6. If the interest rate was
6.25%(simple). Calculate the time period for which the monkey was invested?
Solution
Ratio method:
Interest = Tk 60000× = Tk 20000
Investment (Principal) = Tk 60000× = Tk 40000
If principal is 100 then interest is 6.25 in 1 year
If principal is 40000 then interest is 20000 in = = 8 years
Formula method
Let, Interest, I = 3x, Investment, P = 6x
Here, rate of interest, r = 6.25%
We know, I = Pnr
Or, 3x = 6x×n×6.25%
Or, n = = 8%
Answer 8%
24) A father divides his property between his two sons A and B. A invests the amount at compound
interest of 8% p.a. B invests the amount at 10% p.a simple interest. At the end of 2 years, the
interest received by B is Taka 1336 more than the interest received by A. Find A 's share in the
father's father's property of Taka 25,000. [Midland Bank MTO 15, SIBL PO 13, BB AME-
2023
Solution Let, Share of A be x Tk & Share of B be (25000-x) Tk
A's profit = 𝑃(1 + )2– 𝑃 = (1 + 8%)2 – = ( ) – = ( ) –
= 1.1664x – x =0.1664x
B's profit = (25000 – ) ×2×10% = (25000 – ) ×2 × = (25000 – ) × = 5000 – 0.2x
According to the question,
5000 – 0.2x - 0.1664x =1336
⇒ 0.2x+0.1664x = 5000 – 1336
⇒ 0.3664x = 3664
⇒ x =10000
So, Share of A=10,000 Tk and share of B = 25,000 - 10,000 = 15,000 Tk
Answer 10,000 Tk and 15,000 Tk
25) Alif bought a bike, but he paid 15000 taka directly & remaining money with 8% interest in 2
years. In total he paid 28,920 taka. What was the actual cost of the bike? [Standard Bank-22]
Solution Let, Alif paid Tk. x remaining money
Interest in remaining money = ×2×8% = ×2× =
According to the condition,
15,000 + x + = 28,920
⇒x+ = 28,920 – 15,000
⇒ = 13,920
⇒ = 13,920
⇒ =
⇒ = 12,000
Actual cost of the bike = 15000 + 12000 = 27,000
Answer Tk. 27,000

26) Mr. Arif have been invested two schemes, first amount Tk. 5000 in 2 years and second amount
Tk. 3000 in 4 years at the same rate of interest. Total interest he received Tk. 2200 at the end of
a year. Calculate the rate of interest. [Bank Asia-2020]
7
Career Aid for Bank & BCS Math
Solution Let, Rate of interest r%
According to the question,
5000 × 2 × % + 3000 × 4 × % = 2200
⇒ 5000 × 2 × + 3000 × 4 × = 2200
⇒ 100 + 120 = 2200
⇒ 220 = 2200
∴ = 10
Rate of interest 10%
Alternative way:
Let, the rate of interest per annum be r%
Interest at Tk. 5000 for 2 years = pnr = 5000×r%×2 = Tk. 100r
Interest at Tk. 3000 for 4 years = pnr = 3000×r%×4 = Tk. 120r
According to the question,
100r+120r = 2200
⇒ 220r = 2200
⇒ r = 10
Rate of interest = 10%
Answer 10%
27) Mr. Karim borrowed Tk. 500 at 5% simple interest per year. After some time, he borrowed
Tk. 400 at % simple interest per year for the second time. Six months after the second time
borrowing, he repaid both borrowed money along with interest and the amount repaid was Tk.
994.50. How many years after the first time borrowing Mr. Karim repaid the borrowed
money? (Bank Asia MTO 17, NRB Bank MTO 19)
Solution Let, Mr. Karim repaid x years after the first time borrowing.
According to the Question,
500 × × 5% + 400 × % = 994.5 - (500 + 400)
⇒ 500 × × + 400 × = 994.5 – 900
⇒ 25 + 7 = 94.5
⇒ 25 = 94.5 – 7
⇒ 25 = 87.5
⇒ = 3.5
Mr. Karim repaid 3.5 years after the first time borrowing.
Answer 3.5 years
28) Dawood invested certain amount in three different schemes A, B and C with the rate of 10%
p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Tk. 3200
and the amount invested in Scheme C was 150% of the amount invested in Scheme A and 40%
of the amount invested in Scheme B, what was the amount invested in Scheme B? [BB
Officer(Cash) 17]
Solution Let, A's investment was x Tk
ATQ, C' investment was =150% of A =(150/100) of x =3x/2 Tk
And C = 40% of B
Or, 3x/2 = (240/100) of B
Or, B =5x/8
According to the question,
10%of x+(5x/8)of 12%+(3x/2)of 15%=3200
Or, (10x/100)+(12*5x)/(8*100)+(15*3x)/(2*100)=3200
Or, x =8000
The amount of B invested in the scheme ={(5*8000)/8}
=5,000 Tk
Answer Tk 5000
29) A man has Tk. 1,00,000 to invest. He invests Tk. 40,000 at 5% and Tk. 35,000 at 4% interest rate. In
order to have a yearly income of Tk. 5000, at what rate of interest he must invest the reminder
amount. [Answer : 32/5 or 6.40%]

8
Career Aid for Bank & BCS Math
30) Mr. Karim deposited certain amount of money for a fixed period of time. On maturity he
received a total of Tk. 45000 when the 1-ittio of interest and investment became 3:6. If the
interest. rate was 5% (Simple) per annum, calculate the time period for which the money was
invested. [BASIC Bank PO1999, ONE Bank PO 07)
[Answer- 10 years]
31) A certain principal amount including interest in 3 years is Tk. 390 and it will be Tk.450 in 5
years. Determine the simple interest rate & principle amount. (ICB 08]
[Answer- I0%]
32) A sum of Tk 2000 was invested in two parts one at 5% interest rate and another one at 10% interest
rate. If the total annual interest earned was Tk. 160, then how much money was invested at 10%
interest rate? [SJIBL-18]
Answer: Tk. 1200
33) Two banks offer interest rate of 6% and 7% respectively, on Fixed Deposit. Mr. Rahman deposited a
total amount of Tk. 4000 in the banks and in one year his interest income was Tk. 250. How much
money was deposited in the bank with 7% interest? [Standard Bank 16]
Answer: Tk. 1000
34) A man deposits Tk. 1000 in a bank at 8% interest rate compounded annually.At the end of the 3rd
year, what will be the total amount including interest? [BBAD- 08]
Answer:1259.71 TK