Question

7,5% p.a. simple interest rate while Xolani invested his money at a 6,96% p.a. interest
their respective banks on the same day. Joseph invested his money for 10 years at a
At what interest rate did Joseph invest his money?
What will be the interest amount that he will receive for every R100 that he
Two small businessmen, Joseph and Xolani each invested an amount of R12 000 at
rate compounded monthly.
Answer the following questions:
QUESTION 1
(1
)
=/
1.1
(1)
1.2
(1)
invested for a period of 1 year? 0,075 X11000
fres​

Answer 1

Step-by-step explanation:

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