Page 215 - Start Up Mathematics_8 (Non CCE)

GROUP PROJECT

You have ` 50,000 which you wish to deposit in a bank. Divide the class into four groups. Each group
should go to one of the given banks and find out their rate of interest to complete the table:
• Punjab National Bank • State Bank of India • ICICI Bank • HDFC Bank
Amount in C.I. Amount in C.I. Amount in C.I.
Years after Amount in F.D. Account F.D. Account F.D. Account
initial S.I., F.D. account (Compounded (Compounded (Compounded
deposit (in `) annually) half-yearly) quarterly)
(in `) (in `) (in `)
0 50,000 50,000 50,000 50,000
1
2
3
4
5
Which bank will give more money at the end of 5 years assuming that you do not make any additional
deposits or withdrawals? ______________________________________

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