Liam invests £3500 in a cash ISA paying 5% compound interest per annum. Chloe invests £3800 in a different account paying 4.2% compound interest per annum.
Work out the difference between the amount of money Liam has after 3 years and the amount of money Chloe has after 3 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.