Question

which progression is used to find the rate of interest in bank deposits qua-rterly

A.P (OR) G.P​

Answer 1

A.P. - Arithmetic Progression.

• Arithmetic Progression is the progression is used to find the rate of interest in bank deposits quarterly.  (Interest gets added every time).
• Along with the deposit will earn interest during savings.
• At the end of it, we will receive our deposit back along with interest.
• As there are 2 types: S.I. and C.I.
• In the case of simple interest, interest is earned only on the principal amount.
• In the case of compound interest, the interest is earned on both the principal amount and the interest.

Answer 2

Answer:

and the correct answer is

Step-by-step explanation:

ARTHEMTIC progression