Suppose John deposited an amount of R500 at the end of every month into an account earning 6% interest per year, compounded monthly over a period of 3 years. Determine the accumulated amount John will receive at the end 3 years. 

Which of the following statements best defines an annuity.

Calculate the accumulated amount after 3 years, if R5 000 is invested at an interest rate of 10%  compounded quarterly? 

Suppose you invest R15 000 at a simple interest rate of 12% per year. What would be the value of the accumulated amount after 6 years.

How much simple interest is payable on a loan of R40 000, borrowed for a period of 22 months at a simple interest rate of 10% per year? 

An amount of R27 000 is invested in a fund that pays 11,15% simple interest per year. The total amount in this fund after 119 months will equal ________.

The interest is calculated using the following formula: . Where is: 

The slope of the line joining points and is . Determine the value of .

Determine the equation of a straight-line that passes through two points and . 

Find the equation of the straight line with slope passing through .