Two bank accounts.
Northern Savings Bank (NSB)
Central Alliance Bank (CAB)
2.5% per yea...
Mathematics, 03.02.2021 14:00 Shavaila18
Two bank accounts.
Northern Savings Bank (NSB)
Central Alliance Bank (CAB)
2.5% per year
compound interest
2.7% per year
simple interest
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)
O£
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