dexteromacheka dexteromacheka
  • 08-05-2022
  • Mathematics
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Peter invests R4000 for 6years at an interest rate of 16% per annum compounded monthly.calculate the value of the investment at the end of the six year period

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aisharazak52
aisharazak52 aisharazak52
  • 08-05-2022

Answer:

[tex]principle \: \times rate \times time \div 100\%[/tex]

4000×16%×6÷100%=3920

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