Subject
Quantitative Aptitude
Topic
Interest
What annual rate of interest was paid if Tk. 60,000 earned Tk. 6000 in interest in 5 years?
What annual rate of interest was paid if Tk. 60,000 earned Tk. 6000 in interest in 5 years?
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2Explanation
In 60,000, earned 6000 In 100, earned 6000*100/60000 = 10 Thus, In 5 years interest is gained 10% In 1 year interest is gained (10/5)% = 2%Related questions
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