1) An investment of R5 650,00 at the simple interest rate of 8% per year, will reach R6 780,00 in (round your answer to two decimal places)

2) A man took a loan from a bank at a simple interest rate of 11,5% per year. After four years and nine months he had to pay R2 854,80 interest for the period. The principal amount borrowed by him was

3) Give the answer to this question correct to two decimal places. Martha invested R45 500,00 in a boutique five years ago. Her investment is worth R71 662,50 today. The simple interest rate of the investment is?

4) Harris invested R9 800,00 in two accounts, some at 10% simple interest per annum and the rest at 7% simple interest per annum. His total interest for one year was R854,00. Choose the correct statement. He invested

a) R4 200,00 at 7% simple interest per annum.

b) R8 946,00 at 7% simple interest per annum.

c) R8 820,00 at 7% simple interest per annum.

d) R9 114,00 at 10% simple interest per annum

5) Erick takes a R23 000,00 discount loan at the Community Bank for a student loan. The discount rate is 12,75% and the term of the loan is 18 months. How much is the present vaue?

6) Give the answer to this question correct to two decimal places. Nxele takes out a discount loan with a face/future value of R6 800,00. He has to repay the money in six months' time. The simple discount rate is 11,50% per annum. The simple annual interest rate, which is equivalent to the simple annual discount rate of 11,50%, is?

7) A sum of money is invested and amounts to R9 800,00 after five years and R12 855,73 after eight years at the same compounded rate of interest. The interest is compounded quarterly. Calculate the annual interest rate as a percentage.

8) Give the answer to this question correct to two decimal places. The compound interest on R23 269,00 invested at 10,50% interest per year, compounded semi-annually, is R10 022,43. The number of years for which the money was invested, is?

9) In the past two years, MAA Mutual Fund grew at a rate of 10,4% per year, compounded monthly. Over the same period, Public Mutual Fund grew at a rate of 10,6% per year, compounded semi-annually. An amount of R10 000,00 was invested in each fund for the two years. Choose the correct statement.

[a] The two funds yielded the same amount of interest.

[b] The Public Mutual Fund yielded more interest than the MAA Mutual Fund.

[c] The MAA Mutual Fund yielded 0,2% less interest than the Public Mutual Fund.

[d] The Public Mutual Fund yielded less interest than the MAA Mutual Fund.

10) A bank offers interest at an annual rate of 7,5%, compounded monthly. A customer deposits R1 600,00 at the end of January, R1 200,00 at the end of May and R2 100,00 at the end of October of a year. How much would he have in his account on the first of December of that year?