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Suppose Mrs. Jesmin applies for a personal loan of BDT 1000000 to Brac Bank Ltd ( Exim Bank) to invest in her new business.The proposed loan rate is 9 annually and the maturity is 5 years. What would be the effective loan rate of the proposed loan?​

User Rafael
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Answer:

During the year, the Bank disbursed loans and advances totalling BDT billion ... 5 BDT million (USD 0.29 million) as housing loans to 1,391 new applicants

Explanation:

User MyKuLLSKI
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