Exam-Style Question on Finance
A mathematics exam-style question with a worked solution that can be revealed gradually
Question id: 183. This question is similar to one that appeared on a GCSE Higher paper (specimen) for 2017. The use of a calculator is allowed.
Here are the details for two bank accounts.
Saviour has £2000 he wants to invest.
(a) Calculate, to the nearest penny, which bank would give him most money if he invests his money for 3 years.
(b) Explain why he might not want to use Dayter Bank.
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