Time value of money

Maths & Stats

If the interest of a money is equal to its one by nine, the rate of interest and time are equal then find rate of interest is

Mirjavalli Shaik

CA Foundation

★ 480

02-Jan-20 04:58

1K+

Answers (1)

Assume Principal is X, so interest is 1/9X. Rate of Interest is Y and Time is Y. Put in the formula, you will be able to solve.

CA Suraj Lakhotia

Admin

02-Jan-20 11:02