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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Couitchy asked Sep 7, 2023

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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

Mathematics
high-school

Couitchy asked Sep 7, 2023

by Couitchy

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Answer:

$principle \: * rate * time / 100\%$

4000×16%×6÷100%=3920

Siphalor answered Sep 10, 2023

by Siphalor

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