Alice is going to invest some money for 5 years. She can choose from two options:
Investment A: 2.7% compound interest per annum Investment B: 2.8% simple interest per annum
Which investment should Alice choose? You must show your working.
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.