Question

Ross invests on 5% ₹100 shares at ₹90 and Robert invests on 8% ₹100 shares at ₹120. Who gets a better rate of return?

Answer 1

Answer:

Robert

Step-by-step explanation:

Simple interest = (pricipal*rate *time period)/100

Ross: pricipal=100*90=9000

Rate =5%

SI=(9000*5*1)/100=450

ROBERT : Pricipal =120*100

Rate=8%

SI=(12000*8)/100=960

960>450

So Robert