Math, asked by ashra1117, 11 months ago

if in two yrs time a principal of 100rs amounts to 121rs when the rate of interest of r% is compounded annually then r will be

Answers

Answered by tanav5554

1

Answer:

The rate will be 10%pa on Rs 100 for 2 years

100(1+10/100)

=100*11/10*11/10

=11*11=121

Therefore 10% is the required rate

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