C-03-Q198mediumsingle_mcq
Some principal becomes Tk 460 in 3 yr and Tk 600 in 5 yr at simple profit. Rate?
Some principal becomes Tk 460 in 3 yr and Tk 600 in 5 yr at simple profit. Rate?
- a
- b
- c
- d
ব্যাখ্যা
Between years 3 and 5 the amount grows by , i.e. Tk 70 of interest per year. Subtracting 3 years' interest from Tk 460 gives principal , so the rate is .