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Rate of interest $\"\"$ .

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Consider Principal income as $\"\"$ .

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Consider time period as $\"\"$ year.

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Find the total amount compounded monthly.

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$\"\"$ .

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For monthly compounded $\"\"$ .

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Substitute the corresponding values in the formula.

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$\"\"$

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$\"\"$

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$\"\"$

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$\"\"$

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$\"\"$

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Therefore,the total amount after $\"\"$ year for interest of $\"\"$ monthly compounded is $\"\"$ .

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Rate of interest $\"\"$ .

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Consider Principal income as $\"\"$ .

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Consider time period as $\"\"$ years.

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Find the total amount compounded daily.

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Compound interest is $\"\"$ .

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For daily compounded $\"\"$ .

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Substitute all the values in the equation.

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$\"\"$

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$\"\"$

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$\"\"$

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$\"\"$

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Therefore,the total amount after $\"\"$ year for interest of $\"\"$ daily compounded is $\"\"$ .

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Compare the total amounts obtained by $\"\"$ monthly compounded and $\"\"$ daily compounded.

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The total amount with rate of $\"\"$ compunded daily is the best deal.

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The total amount with rate of $\"\"$ compunded daily is the best deal.