Ten > Compound Interest

Asked by Basanta · 2 years ago

Manita is planning to deposit Rs 40000 for 9 months, at 10$\rm \%$ per annum in a bank. 

1. If bank A provides semi-annual compound interest then find the semi-annual compound interest. 
2. If another bank B provides quarterly-based compound interest then find the quarter compound interest.
3. What is the difference between interests in (1) and (2)?
4.  Which bank is preferable for deposit and why?