Question 5 Charlie received R32 412,87 after investing an amount of money in an account earning interest at a continuous compounding rate of 10,15% per year. The amount of money that he invested 57 weeks earlier, is

[1] R29 167,68.

[2] R29 000,00.

[3] R32 768,16.

[4] R36 227,38.

[5] R29 153,86.

If Hilda earns a nominal interest rate of 16,5% per annum, compounded at the end of every second month, on a savings account, then the effective interest rate is

[1] 18,00%.

[2] 14,53%.

[3] 17,68%.

[4] 16,18%.

[5] 16,68%.