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Maharashtra Class 9 Answered

mr hirala ivested rs 21500in a mutual fund he got rs305000after2years mr ramniklal invested rs 140000 at 8%compound interest for 2 years in a bank find out the percent gain of each of them whose investment was more profitable
Asked by hardeanuj121 | 20 Jan, 2019, 09:57: PM
answered-by-expert Expert Answer
According to the question,
Mr. Hirala received = 30500 - 21500 = Rs. 9000
Profit % = begin mathsize 16px style 9000 over 21500 cross times 100 equals 41.86 percent sign end style 
P = Rs. 140000, r = 8% p.a., n = 2 years
Mr ramniklal received = begin mathsize 16px style straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n equals 140000 open parentheses 1 plus 8 over 100 close parentheses squared equals Rs. space 163296 end style
Profit = 163296 - 140000 = Rs. 23296
Profit% = begin mathsize 16px style 23296 over 140000 cross times 100 equals space 16.64 percent sign end style
Hence, Mutual fund investment is more profitable.

Answered by Sneha shidid | 21 Jan, 2019, 02:03: PM

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