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Compound Interest and Depreciation

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Question 17
48%

Ahmed invests £12000 in a fixed-term account paying 1.8% compound interest per annum. Priya invests £11500 in a savings account paying 2.2% compound interest per annum.

Work out the difference between the amount of money Ahmed has after 4 years and the amount of money Priya has after 4 years.

[4]

Compound Interest and Depreciation Questions

  1. GCSE
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  3. /Compound Interest and Depreciation