Ms. Farhana has Tk. 75,000 for her education. Her father as advised her to open a bank

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Ms. Farhana has Tk. 75,000 for her education. Her father as advised her to open a bank account and deposit the money. The bank promises to give double return to her when she will be graduated after 5 years.

What interest rate does the bank charge to give her that amount of return?

Related Book For answer-question

Introduction to Management Science

ISBN: 978-0132751919

11th Edition

Authors: Bernard W. Taylor

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Posted Date: Apr 26, 2023 11:49 PM

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Ms. Farhana has Tk. 75,000 for her education. Her father as advised her to open a bank

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If the bank promises to give double the amount after 5 years it means that the ba... View the full answer

Introduction to Management Science

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