Answer: I believe it is D..
Answer:hello
Step-by-step explanation:
I can not see the answer or the question
Answer:
Step-by-step explanation:
Interest earned during the rest of 2 years and 6 months
40 + 40 + 40 = 120
he will be getting 1000 at the time of maturity ie after 2.5 years .
Total receipt = 1000 + 120 = 1120
investment made = 820
total receipt earned = 1120
profit made = 300
time = 2.5 years
profit = investment x rate of intt x time / 100
300 = 820 x r x 2.5 / 100 where r is rate of interest
r = 30000 / 820 x 2.5
= 14.63 % .
