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Luke invested £4000 in a savings account for 3 years.
Compound interest was paid at a rate...
Mathematics, 29.01.2021 14:00, hectorcal3652
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Luke invested £4000 in a savings account for 3 years.
Compound interest was paid at a rate of 1.8% each year.
Alexa also invested £4000 in a savings account for 3 years.
Simple interest was paid at a rate of 1.8% each year.
Luke got more interest than Alexa in total over the 3 years.
How much more?
You must show all your working.
Answers: 2
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