Max invests £2000 and gets 2.5% compound interest per year. Jade invests £1600 and gets 3.5% compound interest per year. Work out who will get the most interest by the end of 3 years.

To calculate the interest for Max we need to do 2000 multiplied by 1.025³To calculate the interest for Jade we need to do 1600 multiplied by 1.035³At the end of the three years, Max will have £2153.78 which means he will have received £153.78 of interest. For Jade, she will have £1773.95 which means she will have received £173.95 of interest.
Therefore, Jade will receive the most interest at the end of the three years.