Question

Mr Shah invested rupees 2,50,000 in mutual fund. he got rupees 3,15,000 after 2 years. Mr. Sudhanshu deposited 2,00,000 at 9% compound interest for 2 years in a bank. find out the percent gain of each of them. whose investment was more profitable ?

Answer with steps.​

Answer 1

st

year

P=Rs 3,20,000

r=10% p.a.

t=1 yr

∴Interest=Rs

100

3,20,000×10×1

=Rs 32000

∴A=Rs 3,52,000

2

nd

year

P=Rs 3,52,000

r=10%.p.a.

t=1 yr

∴I=Rs

100

352000×10×1

=Rs 35,200

∴A=Rs 3,,87,200 .... (1)

Mutual funds

Investment =Rs 2,40,000

Final amount =Rs 3,05,000 .... (2)

∴ Profit =Rs 65,000

∴ He earned Rs 65,000 as profit in mutual funds. .... Ans (i)

Now from (1) and (2)

We find bank's investment was more profitable.

Answer 2

Step-by-step explanation:

Compound of Mr Sudhanshu

$p {(1 + \frac{r}{100}})^{n} \\ 200000 {(1 + \frac{9}{100} })^{2} \\ 200000 {( \frac{109}{100})}^{2} \\ 200000 \times \frac{109}{100} \times \frac{109}{100} = 237620 \\ intrest = c - p \\ 237620 - 200000 = 37620rs$

profite get mr sah = compound - Pricipal

3,15,000-2,50,000=65,000

$rate = \frac{65000\times 100 }{250000 \times 2} = \frac{650}{50} = 13\%$

Mr Sah get more profite than Mr Shudhanshu