What simple interest rate will Sumon need to secure to make Tk. 2,500 in interest on a Tk. 10,000 principal over 5 years?

What simple interest rate will Sumon need to secure to make Tk. 2,500 in interest on a Tk. 10,000 principal over 5 years? Correct Answer 5%

Interest of 10, 000 for 5 years is 2500 Interest of 100 for 1 years is = ( 2500 ×100)/( 10, 000× 5) = 5 Interest rate = 5%
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