If the compound interest of the second year is 35, and interest rate is 16\(\frac{2}{3}\) %, find the simple interest for 5 year ?
Answer & explanation
Correct answer: option 1
16 \(\frac{2}{3}\)% = \(\frac{1}{6}\)
If the compound interest of the second year is 35, and interest rate is 16\(\frac{2}{3}\) %, find the simple interest for 5 year ?
Correct answer: option 1
16 \(\frac{2}{3}\)% = \(\frac{1}{6}\)