Work through this example and then answer the question that follows: R1500 invested atjp.a compounded monthly, accumulated to R2010 after three and a half years. At this time Rx was added to the account and the nominal rate, j, was increased by 1% p.a and compounding changed to quarterly, so that after a further one and a half years the amount in the account was R3690. The value of Rx is R?, rounded to the nearest cent. Solution: 3,5x12 1500 (1 + i) 2010 =j=0,08391...p.a. compounded monthly - Store this result 1.5x4 (2010 + x)(1+3-001) 3690 = I= R1200,37 rounded to the nearest cent NB: Make sure to work with the interest rates correctly without rounding off. INTERFACE mode - use decimals CMPD mode- use percentages ANSWER THE QUESTION BELOW R1500 invested atjp.a compounded half-yearly, accumulated to R2041,29 after three and a half years. At this time Rx was added to the account, the nominal rate.j. was increased by 1% p.a and the compounding period changed to quarterly. so that after a further one and a half years, the amount in the account was R3000. The value of Rx, rounded to the nearest cent, is R type your answer... NB: Enter ONLY the numerical value of your answer. The 'R' sign is already added