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Compound Interest and Depreciation

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Question 18

Chloe wants to invest her savings for 4 years. She has two accounts to choose from:

Account 1: 5.2% compound interest per annum Account 2: 5.6% simple interest per annum

Which account should Chloe choose? You must show your working.

[4]

Compound Interest and Depreciation Questions

  1. GCSE
  2. /Maths
  3. /Compound Interest and Depreciation