Help Mallesham in investing his savings in the best scheme available. Give reason for your choice of
scheme.
Answers
Answer:
According to me, Mallesham should invest his savings partly in several places which shall make the risk of losing money get reduced, and there are no other method of solving the problems related to the security of the money as well as get the best return on investment on the amount he has invested.
Explanation:
There are some important reasons behind this kind of savings, the reason is why there is sometimes a chance of losing money from the customers by investing the amount only in one place, which has a high rate of interest, that is why it is better to spread savings on different places for a perfect investment plan.
Answer:
Explanation:
Mallesham can invest his savings in property or gold. Their price increase in a few years and he can get a good return. He may also make a fixed deposit in the bank and get a good interest after the maturity date.
Investing in MIS in post office is also a good option, as it allows you to get a good amount of interest every month.