Edexcel Gcse Mathematics (Linear) - Compound Interest And Depreciation Page 8
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8*11 Viv wants to invest £2000 for 2 years in the same bank.
The Friendly Bank
The International Bank
Compound Interest
Compound Interest
4% for the first year
5% for the first year
1% for each extra year
0.5% for each extra year
At the end of 2 years, Viv wants to have as much money as possible.
Which bank should she invest her £2000 in?
(Total 4 marks)
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