Five years ago, Tk. 1,200 was deposited into a savings account paying 4.5% interest. Today, the balance in the account is Tk. 1,495. If interest paid on the account was compounded annually, how much interest on interest was earned?

Question

• Tk 25.00
• Tk. 93.10
• Tk. 102.39
• Tk. 130.28

Answer 1

Tk 25.00