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Question 2 of 15 An amount of money that is invested amounts to R830,24 in three years and to R900,81 in four years. The interest
Question 2 of 15 An amount of money that is invested amounts to R830,24 in three years and to R900,81 in four years. The interest is compounded annually. The amount invested, is A R70.57. B. R207,56. C. R650,00 D. R672.25. Reset Selection Kwanele lends R5500 to Kelsey for two years and R3 150 to Megan for four years at the same yearly simple interest rate. He receives R2 950 interest in total from them. The yearly simple interest rate, expressed as a fraction, is determined by solving R in the equation A 5500 x 4R+3150 x 2 x R = 2950. B. 5500(1+R)" + 3 150(1 + R) = 2950 C 5500 x 2 XR+3150 x 4R= 2950 D. 5500 (1 +2R) +3150 (1 + 4R) 2950 Reset Selection
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