Question $4$

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Mark $0\mathrm{.}00$ out of $1\mathrm{.}00$

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Question $5$

Complete

Mark $0\mathrm{.}00$ out of $1\mathrm{.}00$

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An amount of R$10000$ was invested in a special savings account on $15$ May at an interest rate of $15\%$ per annum compounded quarterly for seven months. Interest is calculated on $1$ January, $1$ April, $1$ July and $1$ October of every year.

If simple interest is used for the odd periods and compound interest for the rest of the term, the amount of interest received after seven months is

a$.$ R$665,54.$

b$.$ R$896,95.$

C$.$ R$901,35.$

d$.$ R$1644,57.$

An amount of R$10000$ was invested in a special savings account on $15$ May at an interest rate of $15\%$ per annum compounded quarterly for seven months. Interest is calculated on $1$ January, $1$ April, $1$ July and $1$ October of every year.

If fractional compounding is used for the full term of seven months, the total amount of interest received is

a$.R892,79.$

b$.R894,04.$

C$.R898,43.$

d$.$ R$901,73.$