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A sum is being lent at 20 % per annum compound interest.what is the ratio of increase in amount of 4th year to 5th year?

Correct Answer: 5:6

Explanation:

 


P 1 + r 100 4 P 1 + r 100 5 = 1 1 + r 100   = 100 100 + r = 100 120 = 5 6  


 


                


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