Question

Here are the interest rates for two accounts.
Account A
interest:
3% per year compound
interest.
No withdrawals until the
end of three years.

account:B
Interest:
4% for the first year
3% for the second year
and
2% for the third year.
Withdrawals allowed at
any time

Derrick has £10 000 he wants to invest.
(a) Calculate which account would give him most money if he invests his money for 3 years
Give the difference in the interest to the nearest penny.​

Answer 1

Answer:

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