Sammie and Joel invest their money with the Grabitall Bank.
Sammie invests £320 in an account that pays 4% simple interest each year.
Joel invests £420 in an account that pays 3% simple interest each year.
a) Who earns the most interest each year? Show your working?
b) How much money will Joel have after 5 years?
Make sure you give the total and not just the interest.
Include workings out.
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Home » Mathematics » Sammie and Joel invest their money with the Grabitall Bank. Sammie invests £320 in an account that pays 4% simple interest each year. Joel invests £420 in an account that pays 3% simple interest each year.