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Question 1 Lesiba, Marwala invests Lesiba invests an amount of money in an amount earning 13,88% interest per year, compounded weekly. After five years, this amount has accumulated to R50 000. The amount that was invested initially is 1. R26 105,54. 2. R15 300,00. 3. R29 515,94 4. R25 001,79. 5. R34 700,00.
Question2
Malume gift won R120000 in sport betting and immediately depostited the money into saving amount earling 8.5% interest per annum compunded monthly, five month after winning he withdrw certain amout for his son education , the balance of the koney after one year winning the money was 99087.42, the amount he withdrwa for his sons' educaction was
Question 3:
If you earn a norminal interest rate of 16.5% per annum , compounded at the end of the every second
Moth, on a savings account , then the effiective interest rate is
A: 16.68% B: 18.00% C: 17.68% D: 14.53%
Question 4:
Paballo invested R1500 in a n account earning 6.57% per annum , simple interest. The Balance thathe will get 16 months later is A: R1636.94 B,1631,40 C: R1644,02 D. R1632,82