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Mxolisi has deposited an amount of R1 500 in a stokvel. He will earn simple int...
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Mxolisi has deposited an amount of R1 500 in a stokvel. He will earn simple interest of 8% per annum. Calculate the amount of interest that he will have earned after 2 years? Set your calculator to four decimal places and round your final answer to the nearest rand. If s light rounding differences occur - choose the alternative that is closest to your answer.
(a) R1 740
(b) R 240
(c) R 360
(d) R1 750
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