Question 3: You have Rs. 2,00,000 to deposit in a bank for 3 years. Bank is giving your three options (0) annual compounding (ii) semi-annual compounding and (iii) quarterly compounding at a stated annual interest rate of 4 percent. Compute: (a) The amount You would have at the end of the third year inclusive of interest (b) The effective rate of interest you would earn on each alternative and (c) Which plan you would choose