Sarah invests £8000 in an account paying 4% compound interest per annum. James invests £8200 in an account paying 3.5% compound interest per annum.
Work out the difference between the amount of money Sarah has after 6 years and the amount of money James has after 6 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.