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Find out where one should invest

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Q1. If you invest Rs. 8000 today with a financial company and the company pays you Rs. 1000 in the 1st year, Rs. 1500 in the second year, Rs. 2000 in the 3rd year, Rs. 2500 in the 4th year and Rs. 3000 in the 5th year at 5% rate. Is this a good investment?

Q2. For a payment of Rs. 10000, a finance company will pay back Rs. 3000 at the end of next four years. Whereas, bank offers 5% interest rate in its saving bank account. Find out where one should invest?

Reference no: EM132595979

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