Question

Mr Shah deposited ( as F.D.) rs 3,20,000 in bank at 10% compound interest for 2 years. He also invested rs 2,40,000 in mutual fund. He got rs 3,05,000 in mutual funds after 2years . which of his investment was more profitable . ( Solve and give please .)

Answer 1

f.d investment is better than mutual fund because in f.d you get more amount then mutual fund at the end of two years he gets 60000 to 80000 rupees as interest amount