Mr. X has Rs.1,00,000 to deposit in a bank account for 3 years. Assuming (i) annual compounding, (ii) semi-annual compounding and (iii) quarterly compounding at a stated annual interest rate of 4%, compute: (a) the amount he would have had at the end of third year, leaving all interest paid on deposits in the bank (b) effective rate of interest he would earn on each alternative, and (c) which plan should he choose? ( handwritten only)