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Compound Interest and Depreciation

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Question 7
42%

Ben is going to invest some money for 6 years. He can choose from two options:

Investment X: 3.5% compound interest per annum Investment Y: 3.8% simple interest per annum

Which investment should Ben choose? You must show your working.

[4]

Compound Interest and Depreciation Questions

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