Sarah wants to invest £5000 for three years. She can choose between Bank P and Bank Q.

2.5% compound interest per annum

3% compound interest in the first year 2.2% compound interest for each extra year

Which bank will give Sarah the most interest after three years? You must show your working.

In percentage calculations, what is the multiplier for a 6% increase?

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A laptop loses $7%7\%$ of its value each year. Which multiplier is used to calculate its value after each year?

Sarah wants to invest £5000 for three years. She can choose between Bank P and Bank Q.

2.5% compound interest per annum

3% compound interest in the first year 2.2% compound interest for each extra year

Which bank will give Sarah the most interest after three years? You must show your working.

In percentage calculations, what is the multiplier for a 6% increase?

A laptop loses $7%7\%$ of its value each year. Which multiplier is used to calculate its value after each year?

Compound Interest and Depreciation

Compound Interest and Depreciation Revision Guide