If you are offered the following investment opportunities, which option will you

Question

If you are offered the following investment opportunities, which option will you choose for the best interest earned if you can afford to invest a total of 20,000? You can invest multiple times in an option given based on your available fund (20,000).
Option 1 P =10,000 R= 3% T= January -April Find the ordinary Interest earned?
Option 2 P =10,000 R= 3% T= January -April Find the exact interest earned?
Option 3 P =10,000 R= 3% T= May- August Find the Ordinary Interest earned?

Option 4 P =10,000 R= 3% T= May- August Find the exact Interest earned?





If you are offered the following investment opportunities, which option will you choose for the best interest earned if you can afford to invest a total of 20,000? You can invest multiple times in an option given based on your available fund (20,000).
Option 1 P =10,000 R= 3% T= January -April Find the ordinary Interest earned?
Option 2 P =10,000 R= 3% T= January -April Find the exact interest earned?
Option 3 P =10,000 R= 3% T= May- August Find the Ordinary Interest earned?

Option 4 P =10,000 R= 3% T= May- August Find the exact Interest earned?





If you are offered the following investment opportunities, which option will you choose for the best interest earned if you can afford to invest a total of 20,000? You can invest multiple times in an option given based on your available fund (20,000).
Option 1 P =10,000 R= 3% T= January -April Find the ordinary Interest earned?
Option 2 P =10,000 R= 3% T= January -April Option 2 P =10,000 R= 3% T= January -April Find the exact interest earned?
Option 3 P =10,000 R= 3% T= May- August Option 3 P =10,000 R= 3% T= May- August Find the Ordinary Interest earned?

Option 4 P =10,000 R= 3% T= May- August Find the exact Interest earned? Option 4 P =10,000 R= 3% T= May- August Option 4 P =10,000 R= 3% T= May- August Find the exact Interest earned?

Explanation / Answer

Option1 - Ordinary Interest

= 10,000*3/100*120/360 (no. of days from jan- april 120 days)

=100

Option 2- Exact Interest

=10,000*3/100*120/365

=98.63

Option3 - Ordinary Interest

= 10,000*3/100*123/360 (no. of days from may- aug 123 days)

=102.5

Option 2- Exact Interest

=10,000*3/100*123/365

=101.10

Choose option 3

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