Question

awesome of money at compound interest yields 200 and 220 at the end of first and second years respectively what is the rate percent

Answer 1

you have written wrong it will be a some not awesome

Answer 2

Answer: Our required rate of interest is 10%.

Step-by-step explanation:

Since we have given that

Interest at the end of first year = 200

Interest at the end of second year = 220

So, Difference between them is given by

220-200 = 20

So, Rate of interest would be

$\dfrac{20}{200}\times 100\\\\=\dfrac{1}{10}\times 100\\\\=10\%$

Hence, our required rate of interest is 10%.