Mr. Vishnu has an initial investment of Rs.80,000 in an investment plan. After 3 years, it has grown to Rs.1,00,000, then his rate of return is
Mr. Vishnu has an initial investment of Rs.80,000 in an investment plan. After 3 years, it has grown to Rs.1,00,000, then his rate of return is
Solution
✅ Correct Option: 2
Mr. Vishnu invested Rs. 80,000 initially, and after 3 years it grew to Rs. 1,00,000. The rate of return is the total percentage increase over these 3 years.
Initial Investment = Rs. 80,000
Final Amount = Rs. 1,00,000
Profit = Final Amount - Initial Investment
Profit = 1,00,000 - 80,000
Profit = Rs. 20,000
Rate of Return =
Rate of Return =
Rate of Return =
Rate of Return =
Rate of Return =
Therefore, the rate of return is .
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