Ahmed invests £12000 in a fixed-term account paying 1.8% compound interest per annum. Priya invests £11500 in a savings account paying 2.2% compound interest per annum.
Work out the difference between the amount of money Ahmed has after 4 years and the amount of money Priya has after 4 years.
Practise AQA GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the AQA GCSE Maths (8300) specification and written in Paper 1, Paper 2 and Paper 3 style. Every question includes a full worked solution and mark scheme, so you can see where marks are awarded rather than just whether you got the answer right.