areebah17777 areebah17777

02-10-2022
Mathematics

Answered

Here are the interest rates for two bank accounts.
Northern Savings Bank (NSB)
2.5% per year
compound interest
Central Alliance Bank (CAB)
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.

Answer :

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