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1. A sum of TK. 24,500 amounts to TK. 34,300 in 5 years at a simple interest rate. What is the rate of interest ?
- A. 5%
- B. 5%
- C. 5%
- D. 5%
Answer: Option D
Explanation:
সুদ = ( 34300 - 24500) বা 9800 টাকা
আমরা জানি, I = pnr
9800 = 24500 × 5 × r/100
r = 9800/1225
r = 8
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