does thos question assume that interest ratecis borrowing rate so you pivk the lowest effective rate?

of the following five interest rates, which is better? Ecobank rate: An interest rate of 24% per year compounded monthly, GCB rate: An interest rate of 24.5% per year compounded quarterly. NIB rate: An interest rate of 24.8% per year compounded every six month. Stanbic rate: An interest rate of 25.8% per year compounded yearly. Absa rate: An interest rate of 26% per year. O A GCB rate cobank Tate OC Brate D. Stanbic rate DE Abysarate Rec