Answered

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Here is information about two savings account. Savemore compound interest 1. 25%each year. Highbrook compound interest 2. 1% for first year 0. 95%for each extra year. Abi is going to invest £5000 in one of these saving accounts for 3years. She wants to have as much money as possible in the account at the end of 3years. Which saving account should Abi choose

Sagot :

pstnonsonjoku

The Highbrook account which offers 25%  compound interest each year is a better place to  save as much money as possible.

What is interest?

The term interest is the amount that is obtained as the return for money invested or the amount paid on top of a loan.

We can clearly see that the Highbrook account which offers 25%  compound interest each year is a better place to  save as much money as possible.

Learn more about compound interest:https://brainly.com/question/14295570

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