Question: FINANCIAL MANAGEMENT PRACTICE QUESTIONS AND ANSWERS Mr. Pav deposited Rs. 16800/- in a bank for a period of 1.5 years. The bank offers two

FINANCIAL MANAGEMENT PRACTICE QUESTIONS AND ANSWERS Mr. Pav deposited Rs. 16800/- in a bank for a period of

FINANCIAL MANAGEMENT PRACTICE QUESTIONS AND ANSWERS Mr. Pav deposited Rs. 16800/- in a bank for a period of 1.5 years. The bank offers two options: 1. To receive at 14.4% p. compounded quarterly, or II. to receive interest at 15.8% p.a compounded half-yearly. Which option should be accepted?

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