Skip to content

Course home

Compound Interest and Depreciation

Compound Interest and Depreciation

EasyMedium
12345678
Question 7
64%

Matt wants to invest £8000 for three years. He can choose between Bank A and Bank B.

Bank A

1.2% compound interest per annum

Bank B

2% compound interest in the first year 1% compound interest for each extra year

Which bank will give Matt the most interest after three years? You must show your working.

[4]
Markscheme

Compound Interest and Depreciation Questions

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

11 exam-style questions on CIE IGCSE Maths Compound Interest and Depreciation. Each one has a worked solution and a mark scheme showing where the marks go.

Question bank