Ben is going to invest some money for 6 years. He can choose from two options:
Investment X: 3.5% compound interest per annum Investment Y: 3.8% simple interest per annum
Which investment should Ben choose? You must show your working.
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.