Question

Aniket investors 10000 for 2years at 5%p.a. and babita invested 4000 for 3years at 10% whose investment is better​

Answer 1

Answer :

Aniket Investors.

Given :

• Principal = Rs. 10000
• Rate = 5%
• Time = 2 years

What to find :

We have to find the simple interest.

How to find :

To find the simple interest, we have to use the formula,

• Simple interest = Principal x Rate x Time

100

Solution :

Using the formula,

• Simple interest = Principal x Rate x Time

100

Substitute the value,

• Simple interest = 10000 x 5 x 2

100

Cancel the zeroes,

• Simple interest = 10 x 5 x 2

Multiply the numbers,

• Simple interest =Rs. 100

Aniket investment is Rs. 100.

Babita Investors.

Given :

• Principal = 4000
• Rate = 10%
• Time = 3 years

What to find :

We have to find the simple interest.

How to find :

To find the simple interest, we have to use the formula,

• Simple interest = Principal x Rate x Time

100

Solution :

Using the formula,

• Simple interest = Principal x Rate x Time

100

Substitute the value,

• Simple interest = 4000 x 10 x 3

100

Cancel the zeroes,

• Simple interest = 40 x 10 x 3

Multiply the numbers,

• Simple interest = Rs. 1200

Babita investment is Rs. 1200

Hence Babita investment is better.

Hope my answer will help you♥ !!!!