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(22 MARKS) el has N$20 000 that he wants to invest. He is considering the interest rates for the follo accounts: Account B Account A
(22 MARKS) el has N$20 000 that he wants to invest. He is considering the interest rates for the follo accounts: Account B Account A Simple Interest: 4% for the first year 2% for the second year 1%for the third year Compound Interest: 2.4% per year compound interest. * No withdrawals allowed until the end of three years **Withdrawals are allowed at any time end of three Calculate which account would give him the most money if he invests his money for 3 years. (8 marks) Explain why he might not want to use Account B? the (2 marks) After an ankle injury, Gabs a distance runner runs for 14km in the first week after recovery. He then increases this by 2800m each week until his distance reaches 126km in a week. Use mathematical rules and formulae to answer this question. yer In which week will Gabs be running 126km? pute the total distance run by Gabs in these weeks (4 marks) (4 marks) olve for x if x = (4 marks) n +4 n+2 of Assignment 2 -ita Total Marks =72
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