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On 8 January a carpenter opened a savings account at a local bank where the simple interest rate is 24% per year. He deposited
On 8 January a carpenter opened a savings account at a local bank where the simple interest rate is 24% per year. He deposited R500 on opening his account on 8 January. On 15 January, he deposited a further R400 and on 25 January a further R100. What is the approximate total INTEREST paid to the nearest rand by the bank on this account on 1 February?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
