Question

4. Mr. Sayyad kept Rs. 40,000 in a bank at 8% compound interest for 2 years. Mr. Ferna
invested Rs. 1,20,000 in a mutual fund for 2 years. After 2 years, Mr. Fernandes
Rs. 1,92,000. Whose investment turned out to be more profitable ?
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Answer 1

Answer:

mr ferna has got more profit

mark it as brainlist answer

Answer 2

Answer:

Mr. Sayyad,

first year,

=40000+(40000×8÷100)

=40000+3200

=43200

second year,

=43200+(43200×8÷100)

=43200+3456

=46656

return on investment=46656-40000

=6656

andMr.Fernandez return on investment,

=192000-120000

=72000

so,mr.fernandezs investment was more profitable