The interest on a certain deposit at 9% per annum is TK. 405 in one year . How much will the additional interest in one year be on the same deposit at 10 percent per annum ?
Created: 6 years ago |
Updated: 2 years ago
best des
We know, I = Pnr
or, P = I / nr = 405 / (1 x 9/100) = 4500 TK.
Now, interest per annum at 10% interest rate = 4500 x 1 x (10/100) = 450 TK
So, additonal interest will be = 450 - 405 = 45 TK.
Md Azizur Rahman
Founder of Satt
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