From the saver's point of view,the best method of computing interest is the day of deposit day of withdrawal method.

Question

Quizplus · Accepted Answer

The day of deposit day of withdrawal method, also known as simple interest method, is the most advantageous method for savers since it calculates interest based on the actual number of days the money is deposited in the savings account. This method does not take into account any compounding interest or fluctuation in interest rates, but it ensures that savers earn the maximum amount of interest possible on their savings. Therefore, option A is correct.

From the Saver's Point of View,the Best Method of Computing