Your uncle promised to give you 200,000 as a graduation gift in the next three years. He will deposit 3,500 to a bank from his monthly income. However, he is still confused about which bank to deposit his money at the end of every month. There are four options for the bank.

Bank A offers 1.5% annual interest rate; Bank B, 2.0%; Bank C, 2.5%; and Bank D, 3%.

Questions:

Which bank(s) will you recommend to your uncle?

Which bank(s) will you not offer to your uncle? (give reasons)