Question

) A public deposit of Rs.1000 is made is made in a company for a period of two years.
The company offers three options: (i) to receive interest at 12% p.a. compounded annually
or (ii) to receive interest at 11.75% p.a. compounded semi-annually or (iii) to receive
interest at 11.50% p.a. compounded quarterly. Which option should be selected?

Answer 1

Explanation:

ans is 2.34 means 4 1by 2