Question: 9.1 Using the formula for calculating simple interest (l= Prt). calculate how much interest you will eam after 1 year if you save R150 per

9.1 Using the formula for calculating simple interest (l= Prt). calculate

9.1 Using the formula for calculating simple interest (l= Prt). calculate how much interest you will eam after 1 year if you save R150 per month at 8% per annum. Show your calculations. 9.2. How much will you have in your savings account after 5 years if you continue to save R150 per month and continue to earn 8% interest p.a.? Use the formula for calculating compound interest A=P(1+r)=. The interest is added once a year

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