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Peter invests R4000 for 6years at an interest rate of 16% per annum compounded monthly.calculate the value of the investment at the end of the six year period
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Peter invests R4000 for 6years at an interest rate of 16% per annum compounded monthly.calculate the value of the investment at the end of the six year period

User Baschi
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1 Answer

7 votes

Answer:


principle \: * rate * time / 100\%

4000×16%×6÷100%=3920

User Seanpj
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