mashegohazel33 mashegohazel33

07-02-2024
Mathematics

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4 You saved R4 750 during the last year. You decide that it will be the best to invest the money. At your local bank they have two investment options: Option 1: A 5 Year fixed deposit with 3,25 % simple interest per year. Option 2: A 5 Year fixed deposit with 3,10 % compound interest per year. Which 5 year investment will be the best?

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