What rate of interest per year was paid. if TK. 50,000 earned Tk. 1,000 as interest in 2 years -

What rate of interest per year was paid. if TK. 50,000 earned Tk. 1,000 as interest in 2 years -

What rate of interest per year was paid. if TK. 50,000 earned Tk. 1,000 as interest in 2 years - ?

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

Imran Ahmed

2%

3%

1%

4%

0 1

Best Answer Explained in Below-:

let, the interest rate be x ∴50,000×\(x^{100}\)×2 = 1,000 ⇒ x = 1

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