If 50 Paisa is the interest of 50 Paisa in 50 days. What is the daily interest?

If 50 Paisa is the interest of 50 Paisa in 50 days. What is the daily interest? ?

Created: 4 days ago | Updated: 4 days ago | Created By:

Imran Ahmed

1 Taka

50 Paisa

25 Paisa

1 Paisa

0 1

Best Answer Explained in Below-:

Let's assume the interest is calculated on a daily basis, so the time is in days.I = Prt 50 Paisa = 50 Paisar50Simplifying:r = 50 Paisa / (50 Paisa * 50) r = 0.01 or 1% per dayTherefore, the daily interest rate is 1%.

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