The rate constant for forward reaction and backward reaction of hydrolysis of ester are \[1.1\times {{10}^{-2}}\] and \[1.5\times {{10}^{-3}}\]per minute respectively. Equilibrium constant for the reaction is \[C{{H}_{3}}COO{{C}_{2}}{{H}_{5}}+{{H}_{2}}O\rightleftharpoons C{{H}_{3}}COOH+{{C}_{2}}{{H}_{5}}OH\]