I f the rate of simple interest is 12% per annum the amount that would fetch interest of TK. 6000 per annum is ?
I f the rate of simple interest is 12% per annum the amount that would fetch interest of TK. 6000 per annum is ? Correct Answer Tk. 50000
We know, I = Prn ⇒6000 = p×(12/100)×1⇒P×12×1 = 6000×100⇒ P = 600000/12∴ P = 50000 TK.