Question

Find out the different types and the interest rates of accounts given by the bank .​

Answer 1

Rate of interest varies with number of days  for Fixed deposits

Fixed deposit account has more interest rate than saving accounts

Most of Banks does not offer interest in current account

Rate of interest in Saving account is almost same for most of Banks

and varies between 2 to 4 % per annum

Deposited Quarterly , Half yearly or Yearly  

Rate of interest in  Fixed deposit varies with number of days

As Number of Days increases the interest rate also increases

Fixed Deposit interest rate in different banks varies

from 4 To 8 %    

Also There are Different schemes depending upon deposit amount

Additional 0.5 to 0.75 % interest rate for Senior citizens is offered by most of the Banks

Answer 2

Answer:

simple interest and compound interest

Step-by-step explanation: