Question

A man wants to invest Rs 5000/- for 4 years.He may invest the amount at 10% per annum compound interest, acruing at the end of each quarter of the year or he may invest at 10.5% per annum compound interest acruing at the end of each year which investment will give him slightly better return?​

Answer 1

Explanation:

A man wants to invest Rs 5000/- for 4 years.He may invest the amount at 10% per annum compound interest, acruing at the end of each quarter of the year or he may invest at 10.5% per annum compound interest acruing at the end of each year.