Mahmoud borrowed an amount of 15,000 dinars for a period of 4 years at a simple annual interest rate (11.5%) and he agreed with the bank that the principal of the loan would be repaid in equal installments at the end of every 4 months, while the interest would be paid in full upon borrowing and the merchant received the rest if the bank invests money Received from debtors upon receipt at an interest rate of 12.5%, and the merchant has paid the installments on time:

Calculate The annual general investment rate that the bank has made in this case.

Answer rating: 100% (QA)

Bankers invested money to Mahmoud Instalment Time Principal 01Jan21 ... View the full answer