At what time the sum Rs. 5000 will be doubled at the interestof 10% per annum?
1 answer:
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<u>Shorter term class:</u>
You pay $200 for 54 classes in total. So,
dollars per class (rounded to 3 decimal places)
<u>Longer term class:</u>
You pay $350 for 108 classes in total, So,
dollars per class (rounded to 3 decimal places)
Hence, by taking longer term classes, you save around dollars.
Rounding to 2 decimal places, you save $0.46 per class.
ANSWER: You save $0.46 per class.