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John wants to invest £100 into a savings account for 15 years. If he invests in saving account A he will receive 3.5% simple interest and if he invests in savings account B he will receive 3% compound interest. Which account should he choose and why?

100 + (3.5 x 15) = 152.50 100 x 1.0315 = £155.80 Therefore he should choose savings account B because after 15 years he will have gained more money through interest than in account A...

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Answered by Victoria D. Maths tutor
2506 Views

What is the difference between communicable and non-communicable diseases?

Communicable diseases are diseases that can be transferred from one person or organism to another, for example colds are spread by airborne droplets and malaria is spread through mosquito bites. Non-commu...

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Answered by Ellie B. Biology tutor
3100 Views

How can I improve my Spanish accent and pronunciation?

The most effective way to improve your Spanish accent is by practicing! Make the most of every opportunity you have to speak Spanish, whether that be with your teachers, fellow pupils or friends. Practici...

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Answered by Max G. Spanish tutor
1610 Views

What is a dynamic equilibrium?

In a dynamic equilibrium, both the forward reactions and backward reactions are still happening, but at the same rate. This means that the concentrations of the starting reactants and the products remain ...

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Answered by Ellie B. Chemistry tutor
2516 Views

Find the two real roots of the equation x^4 - 5 = 4x^2 . Give the roots in an exact form. [4]

x4 - 5 = 4x2. In order to find the roots of this equation we must factorise it, and, to do so, it must be rearranged such that all the terms are on one side. Therefore, subtract 4x

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Answered by Sanjay S. Maths tutor
7402 Views

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