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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 deposited the money into saving amount earning 8.5% interest per annum compounded monthly, five month after winning he withdrawal certain amount for his son education , the balance of the money after one year winning the money was 99087.42, the amount he withdrawal for his sons' education was
Question 3:
If you earn a nominal interest rate of 16.5% per annum , compounded at the end of the every second
Moth, on a savings account , then the effective 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