discount and the Selling .) A certain amount was deposited into a bank account offering a simple interest rate of 5% (a) If the total amount became 1.500 after four years, what was the principal amount that was deposited initially? (b) What should be the rate of interest on the same principal so that one receives a simple interest of R400 in one year? (C) Find the compound interest on the principal at the rate of 5% per annum for 2 years, with the interest being compounded annually.
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