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1. How much time will it take for an amount of Tk 450 to yield Tk. 81 as interest at 4.5% per annum of simple interest?
- A. 3.5 years
- B. 3.5 years
- C. 3.5 years
- D. 3.5 years
Answer: Option C
Explanation:
n = (I×100)/(p×r)
= (81×100)/(450×4.5)
= 4 years
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