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2.2. After the death of their father, Mpho and her bother Thabo, each received R250 000 from their late father's estate. They both decided to invest the money over a 3 years period according to the following options Mpho: 8.5% p.a. simple interest Thabo: 8% p.a. compound half-yearly interest Mpho claims that she will receive more money than Thabo at the end of the investment period (3 years) Use calculations to verify whether Mpho's claim is valid. ​

User Darren C
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Answer:

Mpho's claim is not valid. Thabo will receive more money than Mpho at the end of the 3-year investment period.

Explanation:

User Agf
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