She has the following two choices of banks both offering compound interest but on different terms. Worksheet - Compound interest. Compound interest Compound interest means that each time interest is paid onto an amount saved or owed the added interest also receives interest from then on.
1 AER For investments over 10 000-.
Winky Lash wants to invest 20 000 for 3 years in a bank. Derrick has 10 000 he wants to invest. Instructions Use black ink or ball-point pen. 21 for the first year 06 for each additional year.