Question
Priyanka wants to invest Rs. 30,000 for 3 years, which
of the following options would fetch her the highest amount as interest? I) Company A under scheme II? II) Company D under scheme III? III) Company D under scheme I?Solution
I) For Company A under scheme II, CI = `P(1+(R/100))^T - P ` `= 30000(1+(6/100)^3- 30000 ` `= Rs. 5730.48` II) For Company D under scheme III,
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