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Compound Interest and Depreciation

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Question 36

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.

[4]

Compound Interest and Depreciation Questions

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