Given:
- Principal = ₹480
- Final amount after 11 years = ₹792
- Total time = 11 years (First 6 years at 5%, Last 5 years at unknown rate)
Total Simple Interest = Final Amount - Principal
Total Simple Interest = ₹792 - ₹480
Total Simple Interest = ₹312
For the first 6 years, using Simple Interest formula SI=100P×R×T:
SI1=100480×5×6
SI1=10014400
SI1=₹144
Interest for last 5 years = Total Interest - Interest for first 6 years
SI2=₹312−₹144
SI2=₹168
For the last 5 years:
- Interest = ₹168
- Principal = ₹480
- Time = 5 years
Using SI=100P×R×T:
168=100480×R×5
168=1002400×R
168=24R
R=24168
R=7%
Therefore, the rate of interest for the last 5 years is 7%.