A sum of Taka 3000 invested at 4% per annum for a number of years earned Taka 300 interest. What is the time period?

A sum of Taka 3000 invested at 4% per annum for a number of years earned Taka 300 interest. What is the time period?

A sum of Taka 3000 invested at 4% per annum for a number of years earned Taka 300 interest. What is the time period? ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

3.5 years

2 years

5 years

2.5 years

0 1

Best Answer Explained in Below-:

We know, Interest, I = P n r Now, 3000×n×4/100 = 300 or, n = 300×100/(3000×4) = 2.5 years

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