Question

Ronit went to a bank to deposit Rs.2500. His mother told him that he must deposit
money under Compound Interest. Bank manager gave him two options. One option is
to deposit the money under Simple Interest of Rate = 5% for a period of 5 years and
the other option is under Compound Interest of Rate = 10% for a period of 2 years. He
is confused between the two options. According to you, which of the two options is
beneficial for him?

Please give full Explanation. (DON'T U DARE TROLL OR SPAM!)

Answer 1

Answer:

I don't know

Step-by-step explanation:

I do know sorry