- 04/24/2019 at 9:21 am #592869EduGorillaKeymasterSelect Question Language :
Directions: Study the given information carefully to answer the question that follows:
Two friends A and B invested Rs. 20,000 and Rs. 15,000, respectively for a period of 3 years. A put the money in a fixed deposit at a compound rate of 8.5% p.a. while B put his money in mutual fund which gave him 12.5% compounded annually.
Amount earned by B is what percent more than the amount earned by A, if B paid an exit fee of 2% on interest earned to his Mutual Fund house?
Post your Training /Course EnquiryAre You looking institutes / coaching center for
- IIT-JEE, NEET, CAT
- Bank PO, SSC, Railways
- Study Abroad