A bank offers two different types of savings account which pay interest as shown below. Michelle wants to invest £ 2900 in one of these accounts for 19 years.
a) Which account will pay Michelle more interest after 19 years?
b) How much more interest will that account pay?
Give your answer in pounds (f) to the nearest 1p.
Account 1
Simple interest at a rate of 8% per year
Account 2
Compound interest at a rate of 5% per year
