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 Eduqas GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the Eduqas GCSE Maths (C300QS) specification and written in Component 1 and Component 2 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.