Question: Toby invests R 3 0 0 0 0 in a savings fund for a period of 8 years. The total growth of the fund amounts

Toby invests R30000 in a savings fund for a period of 8 years. The total growth of the fund amounts to R65000 after 8 years. Calculate the interest rate per annum compounded annually that would yield the same return.
Toby invests R 3 0 0 0 0 in a savings fund for a

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