Matthews Hammond
10/30/2023 · Junior High School
Therefore, you will have R2 526,34 in your account after 3 month. EXERCISE 10 1. Calculate how much interest you will earn on an investment of for 9 months if the interest is: a) compounded quarterly at \( 12 \% \) p.a. b) charged at a simple interest rate of \( 3 \% \) every 3 months. c) compounded annually at \( 11.5 \% \) p.a.
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- a) Compounded quarterly at \( 12\% \): R 92.73
- b) Simple interest at \( 3\% \): R 90
- c) Compounded annually at \( 11.5\% \): R 86
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