Question

if the amount for a fixed principal after 5 and 4 years at certain rate of compound interest are in the ratio 11:10 what will be the rate of interest

Answer 1

Answer:

plize klick on brainlests plize

Step-by-step explanation:

Let the principle = P, Rate = x% per annume

⇒

P(1+

100

r×1

)

P(1+

100

r

)

2

=

5

6

(1+

100

r

)=

5

6

⇒

100

r

=

5

6

−1=

5

1

r=

5

100

=20

∴ rate of interest = 20%