Register

A bank offers Simple Interest and compound interest at 10 % per annum.

Q&A Home   >  Community
Ask Question

Asked By: AngieloveLee1985 26-30  3 months ago

.If a person wishes to deposit his money for 1 year then in which scheme must he deposit it to get more interest ?

Is This A Good Question? (3)

Add an Answer to "A bank offers Simple Interest and compound interest at 10 % per annum."

Send me an email when there are new answers to this question

    Best Answer (Chosen by Voting):

    Rennn - 18-21 years old - male

    Posted by Rennn 1 Mar 6th, 2013 at 9:20PM

    Wouldn't it be the same...?

    [ Reply ] | Like (2)

8 Answers to "A bank offers Simple Interest and compound interest at 10 % per annum."

  1. SlimThugThin - 26-30 years old - male

    Posted by SlimThugThin Mar 6th, 2013 at 9:26PM

    a date with you would be scary ;D

    Like (2)

  2. AngieloveLee1985 - 26-30 years old

    Reply by AngieloveLee1985 Mar 6th, 2013 at 9:34PM

    loooooooooooooooooooooooooooooooooooool

    Like (1)

  3. Difum - 61-65 years old - male

    Posted by Difum Mar 6th, 2013 at 9:21PM

    No they don't. C'mon...try maybe 1.5%. And that's a huge maybe.

    Like (2)

  4. Zebzz - 51-55 years old - male

    Posted by Zebzz Mar 6th, 2013 at 9:21PM

    10% ? You'll be lucky

    Like (2)

  5. hyrok40 - 36-40 years old - male

    Posted by hyrok40 Mar 6th, 2013 at 9:23PM

    compound. I wish US had a CD with 10% interest rate

    Like (1)

  6. nobleicus - 22-25 years old - male

    Posted by nobleicus Mar 6th, 2013 at 9:21PM

    Im guess it would grow exponentially

    Like (1)

  7. Creamsicle - 41-45 years old - female

    Posted by Creamsicle Mar 6th, 2013 at 9:20PM

    homework sites will be much more helpful and reliable than this place

    Like (1)

  8. MathMan789 - 36-40 years old - male

    Posted by MathMan789 Mar 6th, 2013 at 9:19PM

    compund always compound

    Like (1)

  9. AngieloveLee1985 - 26-30 years old

    Reply by AngieloveLee1985 Mar 6th, 2013 at 9:20PM

    lol!

    Like (1)

  10. AngieloveLee1985 - 26-30 years old

    Reply by AngieloveLee1985 Mar 6th, 2013 at 9:20PM

    both because compound interest and simple interest will give same interest for first yr

    Like (1)

Ask A Question

Related Questions to A bank offers Simple Interest and compound interest at 10 % per annum.

Answers to questions are provided for entertainment purposes only. You should never use answers to questions provided here to replace professional advice, such as from a doctor or lawyer. This page is for providing answers to the question "A bank offers Simple Interest and compound interest at 10 % per annum."