Ten > Compound Interest

Asked by Basanta · 2 years ago

Pushpa is planning to deposit his money Rs 4,00,000 in a bank for 1 year and visited 3 banks and found the interest rates as follows: 

Bank A: Annual compound interest at the rate of 16$\rm \%$. 

Bank B: Semi-annual compound interest at the rate of 15$\rm \%$.

 Bank C: Quarterly compound interest at the rate of 14$\rm \%$.

1. How much interest does Bank A provide? 
2. How much interest does Bank B provide?
3.  How much interest does Bank C provide?
4. Which bank is preferable for deposit?