Daniel invests £12500 £12500\,£12500 for 4 years in a high-interest account. He receives 3.7% per annum compound interest.
How much money does Daniel have at the end of 4 years?
Practise OCR GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the OCR GCSE Maths (J560) specification and written in the written papers 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.