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Compound Interest and Depreciation

Compound Interest and Depreciation

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Question 92

Matt wants to invest £6000 for four years. He can choose between Bank A and Bank B.

Bank A

2.5% compound interest per annum

Bank B

4% compound interest in the first year 2% compound interest for each extra year

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

[4]
Markscheme

Compound Interest and Depreciation Questions

  1. GCSE
  2. /Maths
  3. /Compound Interest and Depreciation

163 exam-style questions on Eduqas GCSE Maths Compound Interest and Depreciation. Each one has a worked solution and a mark scheme showing where the marks go.

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