ll MTC - Wear Your... 3G 15:01 @ O 10% ABS1400 (Introduction to Math... Question 3...

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ll MTC - Wear Your... 3G 15:01 @ O 10% ABS1400 (Introduction to Math... Question 3 Page 14 of 15 a) Calculate: i) ii) the simple interest on N$ 1200 for 3 years at 6% per annum the length of time for N$ 400 to earn N$ 160 if invested at 8% per annum (3) (3) b) George invested N$ 19000 for 8 years at 9% p.a. interest, compounded monthly. What is the value of this investment? (5) c) Sarah saves N$ 400 the first month and every month later N$ 45 more. John saves Four dollars and thirty five cents the first month and every month later he doubles the amount. Who will have more after a year and a half? (9) TOTAL: [50 x 2 = 100] End of assignment 03 "THE END Page 15 of 15 ll MTC - Wear Your... 3G 15:01 @ O 10% ABS1400 (Introduction to Math... Question 3 Page 14 of 15 a) Calculate: i) ii) the simple interest on N$ 1200 for 3 years at 6% per annum the length of time for N$ 400 to earn N$ 160 if invested at 8% per annum (3) (3) b) George invested N$ 19000 for 8 years at 9% p.a. interest, compounded monthly. What is the value of this investment? (5) c) Sarah saves N$ 400 the first month and every month later N$ 45 more. John saves Four dollars and thirty five cents the first month and every month later he doubles the amount. Who will have more after a year and a half? (9) TOTAL: [50 x 2 = 100] End of assignment 03 "THE END Page 15 of 15