Question

Mr Syed kept rupees 40,000 in a bank at 8% compound interest for 2 years. Mr Fernandes invested rupees 1,20,000 in a mutual fund for two years. After two years Mr Fernandes got rupees 1,92,000. Whose investment turn out to be more profitable​

Answer 1

Answer:

both get equal profit I think so

Answer 2

Answer:

mark me as brainlist

Step-by-step explanation:

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MATHS

Mr. sayyad kept rs. 40,000 in a bank at 8% compound interest for 2 year. mr. fernandes invested rs. 1,20,000 in a mutual fund for 2 year. after 2 year , mr. fernandes got rs. 1,92,000. whose invested turned out to be more profitable ?

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ANSWER

Mr. Sayyad:-

A=P(1+r)

t

A=40,000(1+0.08)

2

A=40000(1.08)

2

A=46656

CI=A−P=46656−40000

=6656Rs.

Profit%=

40000

6656

×100=16.64%

Mr. Fernandes:-

Profit =192000−120000

=72000

Profit%=

120000

72000

×100

=60%.