In how many years , the simple and compound interest of same quantity of capital at the same rate of equal annual interest will be equal. a)3 years b) 2 years c) 4 years d)1 years
Answers
Answered by
0
Answer:
d) 1 year
Step-by-step explanation:
Hope this is helpful for you
Answered by
0
Answer:
4year
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
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