A sum of TK. 24,500 amounts to TK. 34,300 in 5 years at a simple interest rate . What is the rate of interest ?

A sum of TK. 24,500 amounts to TK. 34,300 in 5 years at a simple interest rate . What is the rate of interest ? Correct Answer 8%

সুদ = ( 34300 - 24500) বা 9800 টাকা আমরা জানি, I = pnr 9800 = 24500 × 5 × r/100 r = 9800/1225 r = 8
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