Instruction: Use 2 decimal places only (i.e. 25.00 instead of 25)

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 Option 2 Option 3 Option 4

P 10,000.00 10,000.00 10,000.00 10,000.00

R 3% 3% 3% 3%

T (year is 2018) Jan 1 - April 1 Jan 1 - April 1 May 1 - August 1 September 1 - December 1

Type of interest Ordinary Interest Exact Interest Ordinary Interest Exact Interest

Interest earned if you have 20,000

I choose option number;