If 50 Paisa is the interest of 50 Paisa in 50 days. What is the daily interest?

Created: 1 year ago | Updated: 1 year ago

Updated: 1 year ago

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50 Paisa

25 Paisa

1 Paisa

Bangladesh University of Professionals (BUP) Faculty of Business Studies(FBS) 2019-2020 উচ্চতর গণিত সমতলে বস্তুকণার গতি (Motion of particles in a plane)

Des

435

Best Ans:

Let's assume the interest is calculated on a daily basis, so the time is in days.

I = Prt 50 Paisa = 50 Paisar50

Simplifying:

r = 50 Paisa / (50 Paisa * 50) r = 0.01 or 1% per day

Therefore, the daily interest rate is 1%.

1 year ago

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Shamim Hasan

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