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Question 11 What approximate interest rate (compounded annually) will ensure that R8000 is worth R12000 in five years' time? (1) 6.67% (2) 8% (3) 8.45%

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Question 11 What approximate interest rate (compounded annually) will ensure that R8000 is worth R12000 in five years' time? (1) 6.67% (2) 8% (3) 8.45% (4) 10% (5) 18.45%

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