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You and your parents have saved Rs.50,000. Now you wantto invest this saved amount in some bank. You will go to different banksthat are listed down and find out the interest rate that particular bank willoffer on Fixed Deposit for 2 years.Take a survey of 5 banks for interest onFixed Deposits.Hint - Simple Interest = P x N x R / 100How 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= |
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Answer» 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. |
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