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| rev | Admin | (Created page with "An investor deposited 1000 in each of Bank X and Bank Y. Bank X credits simple interest at an annual rate of 10% for the first five years and 7% thereafter. Bank Y credits interest at an annual nominal rate of 5% compounded quarterly. The interest credited in the eighth year by Bank Y exceeds the interest credited in the eighth year by Bank X by N. <ul class="mw-excansopts"><li>0.36</li><li>2.14</li><li>20.00</li><li>56.36</li><li>56.93</li></ul> {{soacopyright | 2023 }}") | Nov 17'23 at 23:02 | +477 |