Question

in which type of account the bank gives maximum rare of interest on the deposited amount​

Answer 1

Simple interest formula

Explanation:

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Answer 2

Answer:


Fixed Deposits (FD) are investment instruments offered by banks and non-banking financial companies, where one can deposit money for a higher rate of interest than savings accounts. These deposits, hence, offer the highest rate of interest, ranging from 4 to 7.




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