Kunal, Rohan and Suresh deposited Rs.50,000 each in a bank with 20% rate for 1 year .Compounded annually for Kunal ,compounded half yearly for Rohan and compounded quarterly for Suresh.Who will get more interest.What will be the rate of interest for Rohan? What will be the rate interest for SureshHow may conversion period of time for RohanHow may conversion period of time for Suresh
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Suresh get more interest.
Rate of interest for Rohan is 10 %
Rate of interest for Suresh is 5%
Conversion period of time for Rohan is 2 years.
Conversion period of time for Suresh is 4 years.
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