Tanya wants to invest Rs 50,000 for 1 year and Yash wants to take loan of Rs 1 lakh for 1 year. Bank 1 is giving loan at 10% simple interest per annum and giving interest at 6% simple interest per annum. Bank 2 is giving loan at 12% simple interest per annum and giving interest at 8% simple interest per annum. To which banks should they go to have a profitable situation?
Answers
Answered by
2
17 is the right answer of this question
Similar questions
English,
3 hours ago
English,
3 hours ago
CBSE BOARD XII,
5 hours ago
Math,
7 months ago
Biology,
7 months ago