mcq A. \(R1,182.26V B.I(R1,209.33VC.I(R1,333.89VHowmychisR1.250attheendof3yearIFtheinterestrate1.250 D. \(R1,518.95U interest rate of 6.5% is compounded weekly Question...

60.1K

Verified Solution

Question

Finance

image

mcq

A. \(R1,182.26V B.I(R1,209.33VC.I(R1,333.89VHowmychisR1.250attheendof3yearIFtheinterestrate1.250 D. \(R1,518.95U interest rate of 6.5% is compounded weekly Question 15 Not yet answered Marked out of 5.00 Thuli decides to start saving money for the future. At the end of each month, she deposits \(R900V into an account at a Bank, which earns \ (8,251%V interest per annum compounded monthly. Determine the balance of Thuli's account after \(29V years. A. \(R28\774,75V B. \(R1\289\665,06U C. \(R1\420\574,15V D. \(R159\394,04V Question 16 Not yet answered Marked out of 5.00 every year of financial assistance granted and that the loan is subject to an interest rate of \(10,51%V p.a. compounded monthly. If Andrew pays a monthly instalment of \(R1\446,91V, calculate the loan amount. A. \(R24\000,14V B. \(R16\415,00V C. \(R2\147,17N D. \(R1\916,70V

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students