Course Name: Quant Interview Questions Preparation, Section No: 2, Unit No: 3, Unit type: Quiz
The interest rate of SBI is 7.5% and HDFC is 7% according to the picture! It appears the book solution is incorrect. The correct answer is: 45% : 55%
(I know it is not that big of a deal, and you are trying to convey a concept. Just trying to bring your attention)
Hi Venka,
The following image will help you identify the correct annual interest rate offered by the two banks for a tenure of 1 year, at the start of the years 2012-2017.
As seen in the above figure, the annual interest rate offered at the start of the year 2014 by SBI & HDFC are 7% and 8% respectively.