Daniel invests £12500 £12500\,£12500 for 4 years in a high-interest account. He receives 3.7% per annum compound interest.
How much money does Daniel have at the end of 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.