Chloe wants to invest her savings for 4 years. She has two accounts to choose from:
Account 1: 5.2% compound interest per annum Account 2: 5.6% simple interest per annum
Which account should Chloe choose? You must show your working.
Practise Edexcel GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the Edexcel GCSE Maths (1MA1) 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.