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Hi there! Have questions about your homework? At Brainly, there are 60 million students who want to help each other learn. Questions are usually answered in less than 10 minutes. Try it for yourself by posting a question! :D

The ratio of the amount for 2 years under compound interest annually and for one year under simple interest is in the ratio 6 is to 5. When the rate of

interest is the same then the value of the rate of interest is?

The ratio of the amount for 2 years under compound interest annually and for one year under simple interest is in the ratio 6 is to 5. When the rate of interest is the same then the value of the rate of interest is?

Solution: Let the Principal be Rs 100 time = 2years Rate = r