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Is this answer correct? Explain with working outs please Stark is seeking to hold his $20,000 savings in a savings account for 1 year. He

Is this answer correct? Explain with working outs please

Stark is seeking to hold his $20,000 savings in a savings account for 1 year. He enquires with three banks, Bank A, Bank B, and Bank C. Bank A offers 112 = 12%; Bank B offers 12 = 12.1%, and Bank C offers 34 = 12.05%. Which bank should stark deposit his savings? Select one: O A. Bank C O B. Bank A and Bank B O C. Bank B D. Bank A

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