Which type of Interest plan best?

Algebra

Which type of Interest plan best?

Postby Guest » Tue May 22, 2018 4:26 am

Hello,
There are two plans.
Plan A) says 5% interest daily, lock-in period 34 days (excluding sat, Sunday’s)
Ie; daily you will get 5% interest and only after 34 working days (lock period) you can withdraw principal amount.

Plan B) says if you invest 1000. Lockin period 12 days ( includes sat, sun). At the end of 12 days you will get 1000 (principal)+ 1200 ( returns)

Please advice which plan is good to get maximum benefit.

In plan A , you can reinvest the daily interest where again it becomes 34 day lockin from reinvested date.

In plan B) after 12 days you can reinvest.

So gets bit confusing to decide which one has higher returns say for a period of 50 days.
Guest
 

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