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Sagot :
The simple interest rate is 9% if the Tk 13000 will be Tk 18850 as profit-principal in 5 years.
What is simple interest?
It is defined as the interest on based on the principal amount, it does not include the compounded amount. The interest calculates on the initial amount of borrowed amount.
We have given:
The principal amount, P = Tk 13000
Final amount A = Tk 18850
Number of years n = 5 years
Rate = r
I = A - P
I = 18850 - 13000 = Tk 5850
I = Pnr
5850 = 13000(5)(r)
r = 0.09
r = 9%
Thus, the simple interest rate is 9% if the Tk 13000 will be Tk 18850 as profit-principal in 5 years.
Learn more about the simple interest here:
brainly.com/question/22621039
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