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How long will it take an investment of R4 000 to grow to R12 500 at an annual interest rate of 9,7% compounded annually, rounded to the nearest whole year?
How long will it take an investment of R3 650 to grow to R5 000 at an annual interest rate of 7,2% compounded annually, rounded to the nearest whole year?
R750 is deposited into an account at the end of each month. The account earns 9.6% per annum, compounded monthly. What is the future value of the investment after five years?
How does increasing the frequency of compounding (e.g., from annually to monthly) affect the total amount of compound interest earned?
Nthabiseng cannot afford to buy a car with cash, so she takes out a bank loan of R350 000 at an interest rate of 9.5% per annum, compounded monthly repaid with equal instalments over five years. What is the total interest Nthabiseng pays over the life of the loan?
An investment of R15 000 grows to R17 000 over a period of two years with interest compounded semi-annually. What is the annual interest rate?
Lerato invests R9 000 at an annual simple interest rate of 6% per annum for 36 months. What is the total interest earned on the investment?
Solve for in the following equation:
Which of the following is the equation of the straight line that passes through the points (3; -10) and (9; -4)?
For the straight-line equation