If an interest amount of Tk. 4620 in two years is earned on an investment of Tk. 22000, the rate of interest would be-

If an interest amount of Tk. 4620 in two years is earned on an investment of Tk. 22000, the rate of interest would be-

A 10.5%

B 10.0%

C 9.5%

D 11.0%

Solution

Correct Answer: Option B