Question

Theme 2- Banking

FIXED DEPOSIT INTEREST RATES COMPARISON 2020 IN INDIA
Bank
FD Rate of Interest
Senior Citizen FD Rates

ABC Bank
6.30%
6.80%

LMN  BANK
6.75%
7.00%

PQR BANK
6.00%
6.50%

XYZ BANK
6.50%
7.50%

1. Gurucharan,25 years old, got in to a job just after his graduation and wants save for future in a bank which would give him maximum returns .Which Bank would he would prefer.
a. ABC BANK b LMN  BANK c. PQR BANK  d. XYZ BANK

2 . Laxman a young man and his grandfather (a senior citizen) want to deposit Rs 60000 each in the same bank. Which bank would give them maximum return in total.
a. ABC BANK b LMN  BANK c. PQR BANK  d. XYZ BANK

3. Ramesh (a retired person) wants to deposit Rs5, 00,000 in a bank with highest rate of interest. What amount will he get after 3 years if interest is calculated as simple interest?
a. Rs 6,12,500 b. Rs 6,10,000 c. Rs 7,50,000 d. Rs6,50,000




4 .Rashmi (20 years old) deposited Rs30,000 in ABC Bank and Kiran( 25 years) deposited the same amount in LMN  BANK . The difference in the amount they receive after 2 years will be (interest calculation : simple interest)
a. 450 b 350 c. 270 d. 310

5 .Seema who is 62 years old deposited Rs 20,000 in a bank and got 22898 at the end of two years. In which bank did she deposit if interest is compounded annually.
a. ABC BANK b LMN  BANK c. PQR BANK  d. XYZ BANK




please answer this question fast
i will mark you as brainliest​

Answer 1

Answer:

1.5 % intrest ok because in 1 month it could be increase 1.5 %