Question

Man invested 1000 for 3 years at 11% simple interest per annum and 1000 at 10% compound interest per annum annually for 3 years which investment is better

Answer 1

Answer:

second investment is better

Step-by-step explanation:

SI =1000×3×11/100=330

CI=1000(1+10/100)^3-1000

=1000×11/10×11/10×11/10-1000

=1331-1000=331