Math, asked by angelmankirat, 3 months ago

A sum of money lent at compound interest yields Rs 100 at the end of 1st year and Rs 105 at the end of 2nd year. The rate % p.a. is?​

Answers

Answered by Anonymous
6

Given, Amount = Rs. 220, Principle = Rs. 200, Time =1 year

1 year simple interest and compound interest are equal.

So Interest =220−200= Rs. 20

S.I. =100PRT

R=P×TS.I. ×100

R=200×120×100

R=10%

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