Sammie and Joel invest their money with the Grabitall Bank.
1 answer:
a) Sammie earns
£320×4% = £12.80
each year.
Joel earns
£420×3% = £12.60
each year.
Sammie earns the most interest.
b) Joel's interest after 5 years is
£12.60×5 = £63
so the total amount of money Joel will have is
£420 +63 = £483
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