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​Q7: Question – Paper 3 – June 2018
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Question
7)
Investment A
  • Save £150 per month for 2 years.
  • 2.5% interest is added to the total amount saved.

Investment B
  • Invest £3500
  • Compound interest is added at 3% per year.

After 2 years, how much more is investment B worth than investment A?
[4 marks]