Exam-Style Question on Finance
A mathematics exam-style question with a worked solution that can be revealed gradually
Question id: 312. This question is similar to one that appeared on a GCSE Higher paper in 2017. The use of a calculator is allowed.
Winky Lash wants to invest £20 000 for 3 years in a bank. She has the following two choices of banks, both offering compound interest but on different terms:
2.1% for the first year
Which bank will give Winky the most interest at the end of the three years?
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