3. A lump sum of $1000 can be invested fortwo years. Which of the following accountsprovides the better investment ?(i) A savings account paying half-yearlyinterest at 7% p.a.(ii) An account paying yearly interest of 8%p.a. and making a fixed administrationcharge of & 10 per year.

asked by guest
on Nov 17, 2024 at 6:23 am



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