Skip to content

Course home

Compound Interest and Depreciation

Compound Interest and Depreciation

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132
Question 54
27%

Elena wants to invest £15,000 for three years. She can choose between Account X and Account Y.

Account X

0.8% compound interest per annum

Account Y

1.2% compound interest in the first year 0.6% compound interest for each extra year

Which account will give Elena the most interest after three 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.

Question bank