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QUESTION 1 1 A customer makes a savings deposit for 6 0 days. During that time he earns R 1 1 in interest and maintains

QUESTION

11

A customer makes a savings deposit for

60

days. During that time he earns

R 11

in interest and maintains an average daily balance of

R 1, 500 .

What is the annual percentage vield on this savings account?

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