If an investor gets Tk. 19500 as interest after 5 years on his savings of Tk. 13,000. what is the rate of interest ?

If an investor gets Tk. 19500 as interest after 5 years on his savings of Tk. 13,000. what is the rate of interest ? Correct Answer 30%

I = pnr 19500 = 13000 × 5 × r /100 r = 19500/650 r = 30%
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