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 ?​

Answer 1

second one is more profitable than one

because first is mutual fund and second is compound interest

Answer 2

$Answer:Mr. Hiralal investment= Rs. 2,15,000\\Return of investment= Rs. 3,05,000\\Profit= 3,05,000-2,15,000= Rs. 90,000\\\\Profit%= 90,000/2,15,000 × 100= 41,86%\\Mr. Raminkal invested money= Rs. 1,40,000\\Rate of interest= 8%\\\\Time= 2 years\\C.I= A-P\\= 1,40,000 (1 + 8/100)^2 -1,40,000\\= 1,40,000 ( 108/100)^2-1\\\\1,40,000 X 0.1664\\ = 23,296\\ THUS HIRALAL INVESTMENT IS MORE PROFITABLE\\ PLEASE MARK ME AS BRAINLIST$