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Q1 (a) Aminah has just completed her STPM and has received an academic award for RM10,000. She would like to deposit the money in an
Q1 (a) Aminah has just completed her STPM and has received an academic award for RM10,000. She would like to deposit the money in an interest earning account until she graduates from UTHM which are four years from now. In her search for the highest interest earning account, she has narrowed the list down to the following two banks: Bank A: pays 9 percent interest compounded annually Bank C: pays 8 percent interest compounded semiannually ldentify which bank will give her the better offer. (6 marks)
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