8. Sandeep has two offers. He can invest 15,000 for 2 years which will fech
interest at 8% p.a. or invest the same money for 3 years at 6-% pa. Which is better
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Answered by
17
Answer:
Offer 1
Principal = 15000
Rate of interest = 8%
Time = 2years
Simple interest = P×R×T/100
= 15000×8×2/100
= 2400
Offer 2
Principal = 15000
Rate of interest = 6%
Time = 3years
Simple interest = P×R×T/100
= 15000×6×3/100
= 2700
Therefore, offer 2 is better for Sandeep
HOPE IT HELPED YOU
Answered by
3
offer 1śț
amount = 15000
- rate = 8% p.a
- time = 2 year
SI = P*R*T / 100
15000×8×2/100 = 2400
offer 2ñď
- principal = 15000
- rate of interest = 6% p.a
- Time = 3 year
SI = P*R*T / 100
15000*6.5*3/100 = 2915
hence
2ñď offer is better
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