Question

Ms. patel invest 80000 rs at the compound interest rate of 10 percent per annum for 2 years while ms. kapoor invest rs10000 at the compound interest rate of 8 percent for 3 years. who will earn more and by how much?

Answer 1

Answer:

Mr Patel income are...

80000(1+10/100)2-80000=16800rs.

Mr Kapoor income are...

100000(1+8/100)3-100000=25971.20rs.

so that Mr Kapoor is the more income.

Answer 2

Answer:

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