or
or
What rate of interest per year was paid, if Tk. 50,000 earned Tk 1000 as interest in 2 years?
The rate of interest per year can be calculated using the following formula:
Rate of interest = (100 * Interest) / (Principal * Time)
Substituting the given values, we get:
Rate of interest = (100 * 1000) / (50000 * 2)
Rate of interest = 1%
Therefore, the rate of interest per year paid was 1%.
So the answer is 1
