Question

which is a better investment 5600 for 8 years at 6% per annum rupees 5000 for 10 years at the rate of 5% per annum​

Answer 1

Answer:

HEY GUY!!! HERE IS YOUR ANSWER.....

Investment 5600 for 8years at 6% per annum is better

Step-by-step explanation:

Interest for 1st case =(5600×8×6)÷100=2688

Amount = 5600+2688=8288

Interest for 2nd case=(5000×10×5)÷100=2500

Amount=5000+2500=7500

8288>7500

therefore,investment 5600 for 8 years at 6% per annum is better option

HOPING THAT IT WILL HELP YOU.......

THANK YOU......

Answer 2

first better 2688 second is only

2500