Question 8 An interest rate of 14,9% per year, compounded quarterly, is equivalent to a weekly compounded interest rate per year of

[1] 19,02%.

[2] 14,65%.

[3] 14,88%.

[4] 15,16%.

[5] none of the above.

Question 9 If R17 500 accumulates to R22 000 after 53 months, the continuous compounding interest rate is

[1] 5,91%.

[2] 5,18%.

[3] 5,82%.

[4] 5,32%.

[5] none of the above.