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marco wants to invest his savings in a bank for 3 years. he has £15000 to invest and recieves offers from two banks: bank of peace = 2.5% a year compound interest or bank of trust = 3.8% for 1st year 1% extra for each extra year. which bank should marco choose to get the most interest over the three year period? you must show all your working

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  1. 23 June, 23:34
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    Bank of Peace = 15000 (1+0.025) ³=£16153.36

    Bank of Trust=15000 (1+0.038) = £15570

    £15570 (1+0.01) = £15882.95

    Bank of Peace is the best choice.
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