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1.Calculate the effective annual interest rate for: I.a transaction in which R200 is invested 18 months to give R350 I.a transaction in which R100 is

1.Calculate the effective annual interest rate for:

I.a transaction in which R200 is invested 18 months to give R350

I.a transaction in which R100 is invested for 24 months and another R100 is invested for 12 months (starting 12 months after the first investment) to givea total of R350

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