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Compound Interest and Depreciation

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Question 6
48%

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

Practise Oxford AQA IGCSE Maths Compound Interest and Depreciation with exam-style questions for Core and Extended tier. 11 questions, matched to the Oxford AQA IGCSE Maths (9260) specification and written in Paper 1 and Paper 2 (Core: 1C and 2C; Extension: 1E and 2E) style. Every question includes a full worked solution and mark scheme, so you can see where marks are awarded rather than just whether you got the answer right.

Question bank