Question

Which is a better investment-5600 for
8 years at 6% p.a. or 5000 for 10 years
at the rate of 5% p.a.?​

Answer 1

Answer:

1 CASE

SI = P × R × t /100

5600 × 6 × 8 /100

= 2688

2 CASE

SI = P × R × T/100

5000 × 5 × 10 / 100

2500

so the 2 case is has better investment

Answer 2

Answer:

CASE-1

p-5,600

t-8years

r-8%

I=PXRXT÷100

I=5,600X6X8÷100

I=56X6X8

I=56X48

I=2688

CASE-2

p-5,000

t-10 years

r-5%

I=PXRXT÷100

I=5,000X5X10÷100

I=50X5X10

I=50X50

I=2500

Thus, we can invest in the case one