7.2
Asemahle has just received a gift of R500 from her grandmother and she
promises another R 500 in a year's time. She decides to invest this money in an
account which pays 8,5% p.a. compounded annually. How much additional money will
she have to save to add to her investment after two years if she withdraws all the
money for her trip?
(5)

Question

03-11-2022
Mathematics

Answered

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7.2
Asemahle has just received a gift of R500 from her grandmother and she
promises another R 500 in a year's time. She decides to invest this money in an
account which pays 8,5% p.a. compounded annually. How much additional money will
she have to save to add to her investment after two years if she withdraws all the
money for her trip?
(5)

Sagot :

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