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Ahmed is confused between two banks, BBK and NBB , to deposit BD 1 0 , 0 0 0 . He discovered that BBK gives

Ahmed is confused between two banks, BBK and NBB

,

to deposit BD

10, 000 .

He discovered that BBK gives an interest rate of

5.25 %

compounded weekly, while NBB offers an annual interest rate of

5.5 % .

If you are an investment advisor, which bank would you recommend to Ahmed for a deposit?

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