Survey of various types of bank accounts rates of interest offered
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Have a look at types of accounts:
- Fixed account
- Current account
- Flexible
- Recurring Deposit
Calculation of Interest:
A = P (1 + rt)
Where P is the principal amount of money to be invested at rate of interest R % per period.
T is the time period
r is in decimal form i-e R/100
Have a look at types of accounts:
- Fixed account
- Current account
- Flexible
- Recurring Deposit
Calculation of Interest:
A = P (1 + rt)
Where P is the principal amount of money to be invested at rate of interest R % per period.
T is the time period
r is in decimal form i-e R/100
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