Question

7.
A man invested 1,000 for three years at 11% simple interest per annum and
1,000 at 10% compound interest per annum compounded annually for three
years. Find which investment is better.​

Answer 1

Answer:

Amount of 1st investment = 1000 + 330 = Rs. 1330

Amount of 2nd investment = Rs. 1000*110*110*110/1000000 = Rs. 1331

So in second investment there is more profit hence it is better.