Q6. Peter has £20 000 to invest in a savings account for 2 years.
He finds information about two savings accounts.
Bonus Saver-
compound interest
4% for the first year then
1.5% each year
fixed rate-
compound interest
2.5% each year
peter wants to have as much money as possible in his savings account at the end of 2 years.
which of these saving accounts should he choose ?