Exam (elaborations)
MAC2602--Exam-Pack
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OCT/NOV 2014 QUESTION 1 (15 marks) (18 minutes) (1) Mxolisi has deposited an amount of R1 500 in a bank account. This account earns simple interest of 8% per annum. REQUIRED: Calculate the amount of interest that he will earn after 2 years. Show detailed workings. [Use four decimal places fo...
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