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Sipho won R15000 in the Soccer 6 competition. Due to the rising interest rates, he invested the money as follows: * R15 000 at a
Sipho won R15000 in the Soccer 6 competition. Due to the rising interest rates, he invested the money as follows: * R15 000 at a compound interest rate of 9% p.a. for 1 year and 6 months compounded quarterly. - He made a further deposit of R10000 at a simple interest rate of 9,8% p.a. for 2 years. * He then made a withdrawal of R5 000. The amount accumulated Thus far was invested at a compound rate of 10% p.a. compounded Monthly. The investment remained in the back for a further 5 years, after which he withdrew it. 3.2.1 Show the time-line for the above investment. 3.2.2 Determine the total amount of money that is available to Sipho after 8 years and 6 months
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