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2.1 Introduction to the national economy

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Question 3

Table 1 shows two savings accounts. A saver deposits £6000 for one year and makes no withdrawals.

AccountAnnual interest rateAnnual fee
A4.0%£0
B4.6%£50

Using Table 1, which account gives the higher net return and by how much?

[1]
A

Account A by £14

B

Account A by £240

C

Account B by £226

D

Account B by £36

Markscheme

2.1 Introduction to the national economy Questions

  1. GCSE
  2. /Economics
  3. /2.1 Introduction to the national economy

75 exam-style questions on AQA GCSE Economics 2.1 Introduction to the national economy, covering 2.1.1a What an interest rate is, 2.1.1b Interest rates and consumer decisions, 2.1.1c Interest rates, producer decisions and calculations, 2.1.2a UK government revenue and spending, and 2.1.2b Direct, indirect and progressive taxation. Each one has a worked solution and a mark scheme showing where the marks go.

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