QUESTION 1 Which one of the following three banks would you choose when applying for a loan? a Bank P at 7% per annum with Interest compounded once a year. (1 mark) a Bank Q with 6.6% per annum with Interest compounded semi-annually (2.5 marks) c Bank R with 6.8% per annumn with interest compounded quarterly. (2.5 marks) One mark for choosing the correct bank. For the toolbar, press ALT+F10 ( Por ALT+AN+F10 (Mac) BI VS Paragraph Arial 14px > A T. * P Click Save and Submit to save and submit. Click Save All Answers to save all answers. ASUS VivoBook