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​Q4: Question – Paper 4 – November 2018

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Content:

• Compound Interest
• Simple Interest​

Quizzes:

• Compound Interest
• Simple Interest

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Question

4) Here are the interest rates for two bank accounts. 

Mia puts £6400 in each account.

Calculate the difference in value between the two accounts after 8 years.
​Give your answer correct to the nearest penny.

[6 marks]

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