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.
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.