A) 10% |
B) 12% |
C) 9% |
D) 11% |
D) 11% |
SI at 5% = 6P-P=5P
5P=\( \Large \frac{P\times 5\times T}{100} \)
=> T=100yr
Now,for new rate (R),
11P=\( \Large \frac{P\times R\times 100}{100} \)
R=11%