What is the annual interest rate on an account that carns Tk. 948 in simple interest over 36 months with an initial deposit of Tk. 7900?

What is the annual interest rate on an account that carns Tk. 948 in simple interest over 36 months with an initial deposit of Tk. 7900?

What is the annual interest rate on an account that carns Tk. 948 in simple interest over 36 months with an initial deposit of Tk. 7900? ?

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

Imran Ahmed

40%

4%

3%

3.3%

0 1

Best Answer Explained in Below-:

I = P*n* rn = 36months = 3 yearsr = ?Here, 948 = 7900 * 3 * rr = 4 %

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