. R500 is deposited in a savings account on July 1. 1947, which is an interest...
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. R500 is deposited in a savings account on July 1. 1947, which is an interest date. If interest is credited at 3% p.a. compounded semi annually, on what interest date will the account first contain at least R800. A. 14 April, 1963 B. 14 April, 1962 C. 1 July, 1962 D. 12 July, 1962 E. 1 July, 1978 - . R500 is deposited in a savings account on July 1. 1947, which is an interest date. If interest is credited at 3% p.a. compounded semi annually, on what interest date will the account first contain at least R800. A. 14 April, 1963 B. 14 April, 1962 C. 1 July, 1962 D. 12 July, 1962 E. 1 July, 1978 -
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First convert R as a percent to r as a decimal r R100 r 3100 r 003 per year Then solve the equatio... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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