1.

You are 20 years old now. Your father wants to deposited for you Rs50000 at a bank so that you will withdraw the whole sum at the age of 22 years. While going to the bank there are two options. Which option will you suggest to your father? I. R=6% compounded annually II. R= 5.5% compounded half yearly​

Answer»

Answer:

Rate = compounded HALF yearly

Step-by-step EXPLANATION:

Because it will be more PROFITABLE for me .

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