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1.
How much interest will tk. 10,000 earn in 9 months at an annual rate of 6% ?
- A. 900
- B. 900
- C. 900
- D. 900
Answer: Option D
Explanation:
9 months = 3/4 of year;
6% = 6/100 = 3/50;
Tk. 10,000(principal)*3/50(interest rate)*3/4(time)
= Tk. 450.
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