Melvin invests £5000 in an account paying 2.75% compound interest per annum. Charlie invests £4500 in an account paying 3.25% compound interest per annum.
Work out the difference between the amount of money Melvin has after 6 years and the amount of money Charlie has after 6 years, giving your answer in pounds and pence.
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.