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Question
By investing Tk. 1,00,000 in six months, a man earns Tk. 1500 as profit as profit.What is the rate of interest earned?
33%
30%
10%
3%
None
ANSWER : 4
Descrption
<p>We know, interest, I = P n r</p> <p>Here, n = 6/12 = 0.5 year</p> <p>Now, I = P n r</p> <p>or, 1500 = 100000 × 0.5 × r</p> <p>or, r = 1500 / (100000×0.5)×100% = <strong>3%</strong></p>
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