Exam (elaborations)
DSC1630 EXAM PACK QUESTIONS ONLY
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The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 250 interest after three years, is [1] R3 620,69. [2] R10 000,00. [3] R5 249,48. [4] R122 500,00. [5] R11 666,67. Question 2 A bank’s simple discount rate is 12% per annum. Yo need to pay the ban...
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