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Question
Which among these is a better investment:
18% at 120 or 22% at 150
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Solution
18 % at 120:
Income on Rs 120 =Rs 18
Income on Rs 1 = `18/120` = 0.15
22 % at 150:
Income on Rs 150 = Rs 22
Income on Rs 1 = `22/150` = 0.146
Therefore, 18 % at 120 is a better investment.
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