You have 1000 Rs and you decided to investing family business rather than depositing it in a bank where you can get the interest of 5%.
How much interest will you sacrificed?
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: 50
Here's how to calculate the sacrificed interest:
Interest rate: 5%
Investment amount: 1000 Rs
Sacrificed interest: 1000 * 0.05 = 50 Rs