Question

You and your parents have saved Rs.50,000. Now you want
to invest this saved amount in some bank. You will go to different banks
that are listed down and find out the interest rate that particular bank will
offer on Fixed Deposit for 2 years.Take a survey of 5 banks for interest on
Fixed Deposits.

Hint - Simple Interest = P x N x R / 100

How will you present the findings -
a) First you will show the calculations of interest for 5 banks.
b) Make a table and fill in the details as given below -

Bank =
Name

Principal =

Rate of Interest =

Period =

Interest Received=

Answer 1

Answer:

Hint - Simple Interest = P x N x R / 100

Step-by-step explanation:

a) First you will show the calculations of interest for 5 banks.