Question

Mr. Hiralal invested Rs. 2,15,000 in a Mutual Fund. He got Rs. 3,05,000 after 2 years.
Mr. Ramniklal invested Rs. 1,40,000 at 8% compound interest for 2 years in a bank.
Find out the percent gain of each of them. Whose investment was more profitable
oc
account After adding Rs 56.000​

Answer 1

Answer:

mr. Hlralal

Step-by-step explanation:

Gain % of Mr. HIralal = 41.86 %

Gain % of Mr. Ramniklal = 16.64 %

and,

Mr. Hiralal's investment was more profitable.

Step-by-step explanation:

In the question,

Amount invested by Mr. Hiralal = =

Rs. 2,15,000

Amount received after 2 years = Rs. 3,05,000

Also,

Amount invested by Mr. Ramniklal, P = Rs. 1,40,000 =

Interest rate, r = 8%

Time, t = 2 years

So,Percent gain can be given by,

Gain% Final price-Initial price Initial price x 100

So,

Percent gain of Mr. Hiralal is given by,

Gain% 305000 215000 215000 Gain%= 41.86% x 100

Also,

Amount received by Mr. Ramniklal after 2 years is given by,

A = P(1+ 100 8

So,

A = 140000(1+ A = 140000(1.08)

100

A= 163296 Rs.

Therefore,

Gain percent by Mr. Ramniklal isA = 140000(1.08)²

A= 163296 Rs.

Therefore,

Gain percent by Mr. Ramniklal is given by,

Gain%

So,

163296 - 140000

140000 x 100

Gain% = 16.64% =

Gain % of Mr. Hiralal = 41.86 %

Gain % of Mr. Ramniklal = 16.64 %

Therefore, we can see that Mr. Hiralal's investment was more profitable.

Answer 2

Answer:

16.64 profit anssssssssssssssszz