By investing Tk. 1,00,000 in six months, a man earns Tk. 1500 as profit as profit.What is the rate of interest earned?

A 33%
B 30%
C 10%
D 3%

Correct Answer: 3%

We know,  interest, I = P n r Here,  n = 6/12 = 0.5 year Now,  I = P n r or,  1500 = 100000 × 0.5 × r or,  r = 1500 / (100000×0.5)×100% = 3%
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