Mr shah deposited as fd Rs 320000 in a bank at 10% compound interest for 2 years. He also invested Rs 240000 in mutual fund. He got Rs 305000 in mutual funds after 2 years. Which of his investment was more profitable
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320000-240000=80000
so now, subtract it from the bank's amount
387420-80000=307420
which is greater than he got amount after 2 year in mutual fund
so bank one is profitable
so now, subtract it from the bank's amount
387420-80000=307420
which is greater than he got amount after 2 year in mutual fund
so bank one is profitable
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