2. Cik Effah deposits RM1,200 into an account at an interest of \( 6.7 \% \) compounded semi- annually. 3.5 years later she made another deposit into the account. What is the value of the second deposit if she wants the account to be worth RM3,500 four years after the second deposit. (7 marks)

personal finances one uses a budget to know what monies is entering and monies that are being invested ion that is needed to be tracked and/or documented can be put into Excel to give the creator and their com inamces handled for operations. The arrangement of the columns and rows are places that information is pl on easier to read and even calculate. I do not think I ever used colors for the cells before. I have used borde tention to specific areas of a budget. Some of the expenses to be included on a budget created through Exce age, groceries, and monthly expensives. It is a great idea to prioritize and list in the columns according to ho are and how soon they may be due. Some of the functions used that I think are very helpful are the charts a hey give a better visual display for where the resources are going. This helps the person or company to make

(b) A dealer purchased some goods marked at ₹ 2,000 at a discount of \( 20 \% \) and \( 5 \% \). He sells the same at a discount of \( 15 \% \) and \( 5 \% \). Find the amount of gain or loss to him.

Question 28 In which one of the following scenarios would the person be ineligible or disqualified from being the director of a company in terms of the companies act? A. Clark Wentzel, a rehabilitated insolvent individual, has been appointed as the Managing Director of Wing It Transport (Pty) Ltd. B. The shareholders of Avocado Cutlery (Pty) Ltd have decided to appoint Avocado Cutlery (Pty) Ltd as one of its own directors. C. Gus Jung was released from prison 20 years ago and has been appointed as a director of Free- Your-Mind (Pty) Ltd. D. Stephany Spielberg is 18 years of age and has opened her own registered private company, of which she is the director.

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a followe up to Question 1 above and in addition to the solutions recommended in the anticle, recornmend how Southern African financial institutions can improve their risk management strategy.

Suppose you want to have \( \$ 700,000 \) for retirement in 25 years. Your account earns \( 4 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?