1.1. Miss X deposited R5000 in a saving account paying 3% Interest compounded daily. Find Future value of the money and interest she earned at the end of 2 years. (NB: NOT LEAP YEAR) (4)

1.2. What principle amount will yield to R3000 if invested at 6.5% compounded weekly for 4 years? 

1.3. At 3% annual interest compounded monthly, how long will it take to double your amount?

1.4. How long it will take R50000 saving to grow to R100000 at 3%. 

1.5. Mr Y invested R2000 in a bank for 7 years. The interest rate was 5% compounded weekly for the first 2 years, for the next 3 years, the interest was calculated at 7% compounded quarterly and for the remaining of the investment, the interest was 8% compounded semi-annually. (5) Nominal and effective interest rate

1.6. If the nominal rate of interest stated is 5% , what would the effective interest rate be if the compounding occurs annually, semi-annually, quarterly, monthly, weekly, and daily