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The table below shows term deposit interest rates offered by five banks. Please answer the following questions: (a) Limit the entries to the 7 terms

The table below shows term deposit interest rates offered by five banks. Please answer the following questions:

(a) Limit the entries to the 7 terms (i.e., 1 month - 24 months) (1 mark).

(b) Use functions to work out the highest interest rate for the term selected in part (a) (2 marks).

(c) Use functions to work out which bank is offering this rate (2 marks).

Term Deposit Interest Rates

Bank

1 month

3 months

6 months

9 months

12 months

18 months

24 months

Bank A

3.57%

3.78%

3.91%

3.91%

4.16%

3.93%

4.23%

Bank B

3.77%

3.75%

3.86%

3.86%

3.97%

3.92%

4.11%

Bank C

3.58%

3.79%

3.85%

3.83%

4.06%

4.09%

4.22%

Bank D

3.55%

3.71%

3.89%

3.87%

4.01%

3.98%

4.13%

Bank E

3.53%

3.68%

3.92%

3.88%

4.03%

4.11%

4.24%

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