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?
Created: 6 years ago |
Updated: 2 years ago
best des
We know, interest, I = P n r
Here, n = 6/12 = 0.5 year
Now, I = P n r
or, 1500 = 100000 × 0.5 × r
or, r = 1500 / (100000×0.5)×100% = 3%
Md Azizur Rahman
Founder of Satt
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