The ratio of the amount for two years compound interest
and for I year under simple interest is 6.5, if the rate
of interest is same, then what is the value of rate
of interest.
Answers
Answered by
1
Answer:
20%
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%
Answered by
0
Step-by-step explanation:
Answer:
20%
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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