Question: Question 11 What approximate interest rate (compounded annually) will ensure that R8000 is worth R12000 in five years' time? (1) 6.67% (2) 8% (3) 8.45%

Question 11 What approximate interest rate (compounded annually) will ensure that

Question 11 What approximate interest rate (compounded annually) will ensure that R8000 is worth R12000 in five years' time? (1) 6.67% (2) 8% (3) 8.45% (4) 10% (5) 18.45%

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