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Posted on Nov 02, 2023

Tamine makes a deposit of R1000 into an investment account that pays 10% annual interest. How much is in the account after 10 years if

(a) the account earns simple interest?

(b) The account earns interest compounded annually (calculate the compound interest for 2 years).

c) The account earns interest compounded semiannually. (calculate the compound interest for 2 years)

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a For simple interest you can use the formula A P1 rt Where A is the final amount P is the principal ... blur-text-image

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