Skip to content

Course home

Compound Interest and Depreciation

Compound Interest and Depreciation

EasyMediumHard
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132
Question 83

Sam wants to invest £9000 for three years. He can choose between Bank A and Bank B.

Bank A

1.1% compound interest per annum

Bank B

1.5% compound interest in the first year 1.2% compound interest for each extra year

Which bank will give Sam 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