kishanChand deposited rupees 50,000 in a bank at 10% compound interest for 2 years. lalchand invested rupees 125000 after 2 years. whose is investment turned out to be more profitable.
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Answered by
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hello buddy
Answered by
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Here is your Answer:-
Mr.Kishanchand:-
C.I=A-P= 60500-50000=10,500.
Profit%=X 100=21%
Mr.Lalchand:-
Profit=1,25,000-1,00,000=25000.
Profit= X 100=25%
Therefore, the required answer is:-
Mr.Lalchand investment was more profitable.
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