Thank you for registering.

One of our academic counsellors will contact you within 1 working day.

Please check your email for login details.
MY CART (5)

Use Coupon: CART20 and get 20% off on all online Study Material

ITEM
DETAILS
MRP
DISCOUNT
FINAL PRICE
Total Price: Rs.

There are no items in this cart.
Continue Shopping

If compound interest for two successive years is Rs.110 and Rs.121 respectively, then the rate of interest is

If compound interest for two successive years is Rs.110 and Rs.121 respectively, then the rate of interest is

Grade:12th pass

1 Answers

Vikas TU
14149 Points
one year ago
Rs 110 and 121 is the compound interest 
Additional interest = 121-110 = 11 in the second year.
So,  Rate of interest = 11*100/(110*1)
This will be equal to 10%
 

Think You Can Provide A Better Answer ?

Provide a better Answer & Earn Cool Goodies See our forum point policy

ASK QUESTION

Get your questions answered by the expert for free